1) it’s illegal and you won’t last adjudication,
I think the point of the discussion is, should we make it legal. But your other points are well-made. Find a way of rewarding those who work hard for the community, and discouraging those who are more interested in the reward (cash as well as influence) and you’ve got it.
Crack that one and move swiftly on to the Middle East, Ukraine and the US Congress.