Final answer:
The system in question is Ranked Choice Voting, which is supported by voluntary taxpayer checkoffs and promotes a multi-party setup while preventing candidates from being elected by small pluralities.
Step-by-step explanation:
The system of Ranked Choice Voting for presidential elections is supported by voluntary taxpayer checkoffs. This system allows voters to rank their preferences among multiple candidates rather than voting for just one candidate. It helps in preventing a candidate from being elected with only a small plurality and encourages a multi-party situation. While the Electoral College system is currently used in the United States, Ranked Choice Voting is gaining attention as an alternative that could address some critiques of the current system. In the Weimar Republic, the president was elected using a similar system that valued broader public consensus. The setting of the presidential election process offers voters a chance to pick party nominees and office-holders but is often criticized for presenting limited choices. Critics of the current system suggest it negates the one-person, one-vote basis, subverts majority rule, and suppresses political participation in certain states. Yet it persists, because it is firmly established and some argue it prevents the chaos potentially associated with frequent changes or a direct election system.