Democracy For Sale

Earlier this evening Ludwig Von Rand ( no relation) posted the following:
"Let it start here, I advocate that we privatize electect government. No more costly elections. We bid on our representatives. The entity with the most cash gets the vote. The money goes to reduce taxes. We all live happily ever after ." (spelling mistakes unaltered in the interest of accuracy)

I'll be honest, I've read things on this blog and @ OTBL that I never thought anyone could be serious about. But they are. Maybe this is a spoof? Maybe, it's for real.
I think it's the stupidest idea ever. But that's just me.
Comments?