[Copernicus]

You start out on the right path, but don't express it quite plainly enough. There is no such thing as "natural rights", including no natural rights of "self ownership".

ALL rights are social constructs and nothing more. The most uccessful societies are those that grant rights in a manner that spurs cooperation and innovation, and allow for enforcement of rights.

Your problems with democracy are well founded, but not solved by your approach. Imo, a representative republic is as close as you can get to a perfect system. The hope is that the non-idiots that vote outnumber the idiots that vote in sufficent quantities to elect representative that are less idiotic than the public as a whole. While you are still surrendering to the will of the majority, hopefully it is a better informed majority than "one man one vote" on every individual issue.