Term Limits are intended to protect a democracy. That’s why Seth Grossman has signed a petition supporting a legal restriction that limits the number of terms an officeholder may serve in a particular elected office.
Term limits can act as a method of curbing the potential for monopoly.
Voters want term limits? Incumbents do not? At the very least, term limits could be another way of facilitating change. This is true where so-called ‘perpetual incumbency’ is an issue.
In 1994, Congressman Frank LoBiondo pledged to only serve 6 terms in Congress. In 2004, Lobiondo announced he would break his term limits pledge and allow the voters to decide. Congressman Lobiondo will retire after serving 12 terms.
From WIKIPEDIA: The United States places a limit of two terms on its presidency by means of the 22nd Amendment to the Constitution in 1951. There are no term limits for Representatives and Senators, although there have been calls for term limits for those offices.