I would stick up for something like epistocracy in this way: I believe that love and knowledge are intimately interconnected. I believe knowledge and love confer property rights. WHat makes a room yours, or a garden or a bicycle yours is that you know it and love it. Money has muddied the water, but I think intuitively we feel less strongly about a case where someone has their property stolen if we learn that that the owner did not even know the property or love it in any way, even if they fully paid for it and had the receipts in order etc. I believe in democracy. But people should have more of a say in things that concern them. I don't believe that it is easy to separate out interests from knowledge. It should be those who know about and are interested in a particular state of affairs that should have the most say in how it is run, or maintained. This isn't the epistocracy you were picturing in the original post. But I am defending a more broad interpretation that knowledge, and love, confer rights and responsibilities.