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I think you could accomplish many of the same goals by giving vote multipliers to property owners, or to property owners with children - and in fact, doing so would likely neutralize many of the dysgenic effects of your proposal, since no one should want to surrender public policy to the whims of crackhead welfare moms and the 7 children that survived the abortion clinic.
Democracy prevents many effective policies from being adopted for fear of the voters, since it requires the highest saint and the filthiest sinner to have the same amount of say in the direction of society, and the sinners far outnumber the saints. We have many examples in the Arab Gulf of prosperous states that are able to provide a good standard of living while refusing to grant the public a voice in governance. By contrast, my system actually does grant some members of the public a say in things.
The real power in your society is defining sinners and saints, and I don't suspect the people who would have it are as virtuous as you make them out to be.
As a practical matter not doing so makes the system unstable. Imagine a town with 5 businesses each owned by a different owner. Each one employs 20 people. So 105 adults voting. And how would they vote? Assuming everyone votes for their own selfish interests, you’d end up voting to tax the businesses into nonexistence and raising wages on top until the businesses close and the town dies.
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Property owners already have disproportionate power here in the UK. See all the restrictions on building more to preserve the value of their assets. Giving multiple votes to property owners just stimulates further demand while doing nothing to fix supply issues, while at the same time encourage political parties to suck up to them to the detriment of those who don't own their own place yet.
Such people don't vote very much. And anyways the UK just introduced ID requirement legislations to vote that serve to discourage the voting of such people even more (a policy I absolutely agree with). There are other ways to handle the potential dysgenic effects.
The reason such people don't vote very much is that it's embarrassing to court them when they only have the same vote value as everyone else anyway. Under your policy, such people would become kingmakers, and every political party would have a strong incentive to pander to their values and shepherd them to the polls. You may not like the values of the propertied white electorate, but you're deluding yourself if you think making Lakeisha the new fulcrum of Western politics is going to lead to clean streets and safe neighborhoods.
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The problem is that wealth is exponentially distributed, the quiverful rich will be vastly outnumbered by the fertile, but impecunious. So even with lower voting participation (easily be fixed interested community organizers) this proposal would on the net increase their voting power share.
The "ID reqs harms voting participation of poor." Seems to be an Anglosphere exclusive belief, as such policies are de rigueur in OECD countries.
The low cost and longevity of IDs means only the most low-functioning are excluded, people who would probably be unable to vote anyway.
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