Princess_Stargirl comments on Why Does Power Corrupt? - Less Wrong
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If washington takes the crown he is helping set up a monarchy. And the next fellow may not be as good as him. Even very wise men/women tend to be pretty bad at picking sucessors. Marcus Aurelias is generally considered a deep thinker and a very able ruler. But all his years of good decisions were probably dwarfed by his mistake to leave the empite to comodus.
If Marcus Aurelias cannot be trusted to choose a sucessor idk who can. Even if Elizier can, can his sucessor?
(I am assuming here it will be a awhile until the singularity, if Elizier can be king until the singularity hits making him king is a very good idea).