Wealthier people have different concerns and interests than poor people. So any system making voting power proportional to wealth is liable to result in the upper class voting through changes that defund various forms of assistance/subsidy for low incomes. Including things that are broadly socially desirable, but the wealthy aren’t using.
Like what already happens by way of representatives paying more attention to wealthy constituents, business owners, and donors—but even moreso by formalising their ability to simply directly vote with their money.
Wealthier people have different concerns and interests than poor people. So any system making voting power proportional to wealth is liable to result in the upper class voting through changes that defund various forms of assistance/subsidy for low incomes. Including things that are broadly socially desirable, but the wealthy aren’t using.
Like what already happens by way of representatives paying more attention to wealthy constituents, business owners, and donors—but even moreso by formalising their ability to simply directly vote with their money.