Correct, but the voting system the Framers set up for only those 5% was:
A: Restricted for Federal elections.
B: Yet a privilege for all other levels.
By putting B in place, the United States can become a far better democracy.
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Have I showed you the Gini index map before, Dave?
https://en.wikipedia.org/wiki/Gini_coefficient
In that first map, you can see that the United States is far darker red than any other rich nation in the world -- by far.
That means that the elite is not only in control far more in the United States than in any other rich nation, but they make sure to move more of the nation's wealth in their own direction.
By following the Framers, we can normalize that. It does not need to be perfect, yet by giving voters the political powers they were promised by the Framers, the United States can become a less violent, more educated, better-run, warmer, healthier nation.
Do you see that the United States is putting a lot of pressure on other nations, Dave? Rich foreigners love to invest in the United States because the United States does not share to the same extent as other nations with the large bottom section of society.
These foreign investors push the US economy up of course, but basically this is a game where someone is browbeat and others coming in to browbeat that person some more. The large bottom section of society does not receive any benefit from our being one of the richest nations on the planet.
Plus, by placing their eggs in the US basket, foreign investors are not putting those eggs in their own nations. They are depressing the economy in their own nations.
Economically, the Framers had a much better nation in mind than what we have. Had it not been for the New Deal (established after the self-created Wall Street and Great Depression crisis), the US would not have these relatively decent standards (that have been undermined in the last 40 years).