Please point out to the senile Noam Chomsky that he is describing democracy, where the 0.001% (the unaccountable private owners of the governments) convince the 99% to tax the 1%, which is really a tax on the 99.999%.
democracy1 b : a government in which the supreme power is
vested in the people and exercised by them directly or indirectly through a system of representation usually involving periodically held free
elections plutocracy
1 : government by the wealthy
You write as if
plutocracy were republican
democracy.