Millions if not billions would be wasted

This guy announced running for president. That guy announces running for president.

And yes a ton of other campaigns too for various positions.

Each of them would raise plenty of money, in millions if not billions. And of course there is one winner and the losers lost all that money in their campaign too.

Now that is really wasting a ton of money. Can that be reduced? How about changing the term of president from 4 to 8? Then everyone is a two-term-er!

Ok that would stay in power for too long. What about 6. That messes up the cycle that the Constitution intended too. Oh well, that term is fixed.

If you don't have realistic chance to win, just don't bother running.