Once elections are fixed (made fair) term limits could be bad - it's possible that good people will need longer than a fixed term to raise the next generation, or finish projects of importance, and with free elections why force them out? any corruption could be voted out in secure elections so that is less of a worry. The problem has not been term limits but fraudulent voting keeping people in even when they are terrible.
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It can also deplete any expertise the voters found and voted in. It is a dual-edged sword.
If the statesman has a high level of integrity he will mentor his own successor and endorse him/ her for election…that’s how retention of specialized knowledge can be legitimately transferred