If I were going to rule the world, I would definitely do it from the top of the gravity well. Very easy to just drop rocks on people. No need for fancy weapons that way - just a buncnh of orbital crowbars with a tiny little engine and fins on each. Piss of the Evil Overlord get a 3' hunk of steel through the brainpan at terminal velocity.
That said, so long as the tithes are paid and I monopolize space travel, the groundlings would not find my rule onerous. I would not be overtly rapacious - no more so than your local tax collection agency. And if particularly busty women were aggressively recruited for orbital education, well, that could as easily be played as humanitarianism as perversion. I mean, think of the back problems they wouldn't develop in microgravity.
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Light a man a fire, and he will be warm while it burns.
Set a man on fire, and he will be warm for the rest of his life.
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