Bloody revolution is not really appropriate here, the majority of the House of Lords is already not hereditary - of 780 seats, 90 are occupied by hereditary peers and AFAICT they will no longer pass their seats on.

The issue is whether the leaders of the commons should be able to appoint people to the upper chamber for life, whether the church should have a seat at the table etc. Or whether the upper chamber should be directly elected. It’s a matter of governance and constitution more than embedded privilege.

So as much as “Guillotine the nobs” would be a popular cry, most of them aren’t nobs in the first place.