Another commenter said this but the last two prime ministers were only chosen by the conservative party membership, not by general election. So about 30,000 people have decided the ruler of the country for the past couple of years. You can argue about PMs before then but First Past the Post voting also has a lot to answer for.
Personally I rename them to something meaningful and they get merged if there are no other references. PayPal is especially bad for completely meaningless rubbish in the payee field and they tend to be ad-hoc purchases so I don’t fiddle with them much. The category is the most relevant bit for me.