Also, ranked voting sucks.
What's the thought process on this one? In the abstract, I like the idea. I'll use this year's names to walk through why.
If you liked Johnson best (or despised the big 2), vote for him. If he gets enough of those, he wins. We'll assume the moonbats that voted for Stein were a minority, so when their first choice only ends up with 1% of the vote (or whatever it was), their votes then go to their 2nd choice. Maybe that bumps Johnson up higher, or maybe they go to one of the other two.
If no one is over 50% yet, drop the next least popular candidate. Let's say Johnson. Some of his votes go to Hillary, maybe some to Trump too. So if you voted for Johnson, at least you get a say in whether your backup choice was Trump or Hillary. And if you voted for Stein, then Johnson, your vote still ends up with a viable candidate at the end.
At this point, either Trump or Hillary has enough to win the vote (for that state, each one is doing this for their own EC votes), and it OUGHT to be the one that the most people are the least angry about. No more saying you threw your vote away voting for 3rd parties; they count. Either your guy legitimately is popular enough to win, or at least you get a voice on which of the major ticket candidates got your backup vote.
Avoids a situation where Trump gets 48%, Hillary gets 47%, and 5% went to 3rd party choices but they much preferred Hillary to Trump. Majority would rather have Hillary in that instance, but Trump wins with 48%.
Other than most Americans being too stupid to actually fill out this ballot without hand holding, pictures, and a crayon, what's the part of this system that sucks? Makes a lot of sense in theory, would help 3rd parties get legitimate votes, and the overall winner IS the person that the majority decided they can live with, so...?