PHILLIPS: The Founding Fathers originally said, they put certain restrictions on who gets the right to vote. It wasn’t you were just a citizen and you got to vote. Some of the restrictions, you know, you obviously would not think about today. But one of those was you had to be a property owner. And that makes a lot of sense, because if you’re a property owner you actually have a vested stake in the community. If you’re not a property owner, you know, I’m sorry but property owners have a little bit more of a vested interest in the community than non-property owners.Of course, a lot of home owners don't actually own their homes as such; the banks own the majority share of them. Taken literally, this would either restrict voting to the minority who own property outright or give the banks a legitimate block vote, along with property-holding corporations. (Given that, in the US, corporations are legally considered to be individuals, to the point where restricting corporate political donations was considered an infringement of their Constitutionally-guaranteed right of free speech, corporations dominating a property-based voting system is not implausible.) Those who don't own property would, in effect, become second-class citizens, a sort of peasantry, and America, one of the first nations to never have had aristocratic titles, would be well on the path towards reinventing feudalism with American characteristics.
(See also: Libertarian Monarchism, or why absolute monarchy looks like a better way to maintain property rights and thus freedom, if you squint, tilt your head at a certain angle and smoke a lot of crack.)