Plato outlined your system over 2 thousand years ago in The Republic, & even more rigorously I might add. The merits aside, it is IMO non-implementable. Not then, not now, perhaps never. In order to do so, you must convince the... er...ignorant of its merit which they haven't the er... intelligence to reason out, or you must enforce it by draconian methods. Not likely.

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semantics is not always just pedantic quibbling. ~ douglas r. hofstadter