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I support an Aristocracy because I believe that a patrician sense of responsibility will compensate for the inherent apathy of the common class and the over indulgant tendancies of the government.
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Seriously, you don't see in how many ways the system you're proposing can and would be abused? Plato supported much of the same for the biggest part of his life only to deny his beliefs in old, old age, almost 2300 years ago. Why don't you reconsider now that you've got a head-start, hm?