I think it's the optimal time to reform the House Of Lords and adjust some of the things which just don't make much sense. House Of Lords is the House Of Reasoning from my point of view and should provide a no bias solution to some of the issues brought up. I don't think inheriting a spot via birth is the best way of going about getting a no bias solution.
So instead of it ending like you suggested in your post it could simply be reformed and iron out some of the kinks which may have not worked over the last few years. TheGuardian addressed a few issues with the House Of Lords back in 2015: https://www.theguardian.com/commentisfree/2015/feb/10/guardian-view-appointments-lords-bin-corrupt-system
They suggested a few changes to the lords which are currently acting upon issues brought up and I would generally agree that things need to be changed and not completely scrapped. In general I think the House Of Lords is a good idea and without bias and all that it's a very good concept which should be put in to place. However I don't agree with some of the people contributing to the issues which are brought up.
House Of Lords code of conduct: https://www.parliament.uk/business/lords/whos-in-the-house-of-lords/house-of-lords-members-conduct/
Take the EU for instance we ship car parts to and fro just to build a car instead of building the whole thing
parts and all in our own country..
Wasted monies on travel cost to and fro and with oil prices rising it much better to build everything parts and all in your own countries ..
But the politicians get backhanders for this TO and FRO wasted monies because some of the waste cost are wasted in their bank accounts..
The EU is a political SCAM to keep their families in monies while using the average joe as tax slaves ..
There are different build qualities to consider though. Different companies specialize in different parts and one company isn't likely to build a complete car with it's own parts without under performing against others that are importing/exporting their best parts. parts and all in our own country..
Wasted monies on travel cost to and fro and with oil prices rising it much better to build everything parts and all in your own countries ..
But the politicians get backhanders for this TO and FRO wasted monies because some of the waste cost are wasted in their bank accounts..
The EU is a political SCAM to keep their families in monies while using the average joe as tax slaves ..
They might get backhanders for this but this doesn't explain why they would need to cost the companies money by moving it. In fact I would say it would make more sense for them to receive backhanders for them to keep the parts in the same country.
You haven't really sourced anything in any of your claims. So they are empty claims. Yeah we know that politicians have used tax payers money for their benefit before but I haven't heard of any taking bribes for importing/exporting parts.
..