The current system is an "all or nothing" based system where voters from both major parties are left with no choice but to vote for the leading candidate, even if they dont like them much. This can be seen with both Biden and Trump who are historically divisive among their own separate voting bases. In a Ranked Choice system, voters would have more flexibility to support lesser known candidates without the fear that their vote would wasted. It would also leave the field of candidates more open, and less prone to hand-picking by the DNC and RNC.
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