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Athrelon comments on Voting is like donating thousands of dollars to charity - Less Wrong
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"You know, given human nature, if you lived in a country in which there was Monarchy, pretty soon someone would try to sound deep by inventing reasons that hereditary rule was a good thing. But if you lived in a universe in which Kingship wasn't the high-status mode of governance, and asked them if they wanted it, with all its attendant consequences, they would say no. It would never occur to them to invent all the clever rationalizations that someone resigned to monarchy would devise."
Of course you're technically correct. There are, and have been, terrible arguments for monarchy advanced in the past. But today, democracy is the high-status mode of governance, and so the terrible arguments generated by motivated cognition, such as this OP, are in favor of democracy, not monarchy.
Worrying about bad arguments for monarchy now is like someone worrying about bad arguments for evolution in a creationist school board meeting. Yes it could potentially be a problem, but this over-concern is hardly our biggest problem right now and is very likely itself generated by motivated cognition.