My problem with altering the Constitution is, when it was written there were wealthy people but their influence, if at all, was entirely positive. But now there are billionaires who can write a check to every member of the convention that would more than equal their pay for a lifetime. The sway individual wealthy people will have would entirely warp the convention and we might end up with something tilted in the wrong direction. It’s just too dangerous to rewrite the constitution now. There’s no way to control it to the items desired as proposed.
Could you imagine those rent seekers staying away from this opportunity?
You're right.
Those wealthy people had all put their lives, fortunes and honor on the line in a 7-year war for independence that had cost most of them dearly.
About half of the Declaration of Independence's 56 signers suffered major personal & property losses during the war.
By 1787, George Washington was one of the country's wealthiest men and all of the others at the Constitution Convention in Philadelphia were wealthy enough to support their often-unpaid government service.
In 1787, such men had well-earned the country's trust and, just as important, they trusted and liked each other, were willing to work together, negotiate differences in good faith and sought the common good more than their local & sectional interests.
Sadly, we don't have such people today, and that is why, like you, I doubt if anything useful would come out of an Article 5 Convention of the states.