I’m not sure how removing the electoral college directly equates to rich people losing wealth and power. Or even how ranked-choice voting would help. We’d still only have 2 parties, and as a result, there’s only a handful of options for how the balance of power between the congress and the white house. Us changing the rules behind how we tally the votes wouldn’t change that reality. But today you are incentivized to vote for a candidate you don’t like if that candidate fits your political beliefs in order to avoid future policy implications. You’ll often still get Democrats or Republicans elected but it’s a better system.
States will have to do this first to build a strong enough case study for Federal implementation. Or do some states already do this? I know lots do mail-in voting, which has plenty of staying power and is a no-brainer, but as for ranked-choice voting, I like it and think it’s a good idea, but congress hardly does anything that hasn’t been tried before. Please, please stop calling it “ranked-choice voting.” There are many kinds of ranked methods and it is not fair to give “instant runoff voting” the title of “ranked-choice voting.”