The ultimate result would be an oligarchy. Our forefathers did not establish such a form of government for us.
Give me a list of who had the vote in the days of the founders and I might be in agreement, however my only issue is the elitist crap. It isn’t elitist to desire to protect yourself from those you know are willing and capable of causing you and the country irreparable harm.
It is no more or less than the desire of the leftist, socialist, elitist, communist, liberals to produce the country they want from the country the founders gave us. As you so state above, “our forefathers did not establish such a form of government”.
No it isn't, but your solution is. Among what I consider proper solutions would be term limits, no personal income tax and a judiciary this is under some sort of control. Legislation from the bench is not a republican form of government.