> That is exactly what hereditary peerage is. The few, by definition. The aristocracy.
Not true at all - there's nothing special about having a rich land-owner in your ancestry - most people do.
In fact, now, after a few centuries of reversion to the mean, the hereditary peers are the only people in government who are representative, in the statistical sense.
(Not that this is related in any way to the actual reason why this is being done - the actual motive is that a hereditary peer is necessarily British, and Starmer hates the British and wants them disenfranchised so that he can continue with their destruction. But that's another story..)