I care about a lot of things because of who I am, and because i can see past the end of my nose. If there is a general election, and assume it is a wide open popular vote. Given the relatively few players on, it would only take 10 - 15 people with 5 - 10 characters (accounts) each to stuff the ballot box. Then, if they are given GM powers, as opposed to limited powers that don't exist yet, then they can hand out all kinds of goodies to their friends and companions. They can also /reposition anyone that upsets or offends them, and that is the least offensive thing I can think of that they could do. This is not the type of thing that will just blow over if it happens either. People tend to hold a grudge for a while. If this is not approached in a methodical and practical way, then this is doomed to failure.
If the powers are more limited, and the person is appointed by the settings/gm team, then they have some actual accountability, as a person not a character, and there would be repercussions beyond just losing their position. I could sweet talk all day long in character just to get votes, and then turn out to be a real... um... fill in favorite expletive here. That happens in politics all the time, but this is a game and we are here to have fun, not replicate real life. Just because something happens in real life does not mean that it has to, or should, happen here in PS.