Pardon me if I say that’s still not very clear.
First, what exactly do you mean by “power”?
The power to make all the rules and dictate all of society? In that case, they would in effect cease to be rich because of money, because money has no value next to power in such societies. In any authoritarian society, money is largely irrelevant. Those with wealth but no power are at the mercy of those who have power. The powerful can take whatever they want, and so money in and of itself becomes only a means of making friends and paying off those in power.
If, on the other hand, you mean “Should the wealthy be allowed to persuade, if they can, a majority of their fellow citizens to support them for some public office, the authority of which is governed by the rule of law and the limits of constitutional, federal, government?” - then I am all for it. I don’t see why should or would be given a free pass into such offices, but I recognize that people with a substantial amount of wealth would have the necessary leisure time to devote themselves to campaigns instead of earning a living, and they will tend to form a substantial majority of those actually elected to significant and important offices.
This also leads into the question of “What do you mean by ‘Rich’, anyhow?” Do you mean asking whether multi-billionaires should rule the world? I don’t see why we’d want that, although multi-billionaires tend as a rule to be able to actually deal with other people on a contractual basis and are therefore probably better than the strongmen who rule much of the world.
I disagree with Airman Doors that well-off people are less likely to accept bribes. As a matter of fact, I believe that most all legislative and many executive candidates take implicit bribes, and frequently explicit ones int he more corrupt regions of the country. On the other hand, in this country it’s usually kept to a tolerable minimum and usually boils down to the kind of cronyism that humanity can never quite end.
As an example (and no, I’m not “picking on Obama” here, but he’s the current president and will have to take his licks), the Solyndra mess wasn’t about suitcases full of cash. But at the same time, it’s very likely that old friendships betwen the major Solyndra backers and several highly-placed White House staffers played a part in opening the money spigots. I’m sure they thought it was a good idea - and I’m eqaully sure that their personal relationships played a huge part in making certain they did think it was a good idea, and ignoring the urgent warnings by the departments under them.
This kind of thing occurs all the time, and it’s more or less impossible to get rid of. Politicians reward their friends and supports, and those friends and supports keep giving back. Frankly, I’d prefer to go back to the days when a certain amount of patronage was permitted and considered accepable and normal, so as to have cronyism be an open an known quantity rather a hidden wound on the Republic, while tainting it with rank hypocrisy.