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Why would that be terrifying?

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Because of the amount of power that person would have. There is a reason we did away with monarchs as rulers.

I mean, that pales in comparison to the power the government has. And our government (in the US at least) is clearly not democratic (DNC rigged their primary to prevent Bernie from winning... we have an election between Trump & Biden and most Americans hate both choices, etc.)

You should be far,far more afraid of that since government spends more than a trillion every year.

So yeah, doesn't really make much sense.