As a 10k+ user, I can outright edit any post and change tags using the inline editor. I am all powerful, and you should bow down to my editorial prowess.
But, if some noob has suggested an edit, I'm immediately castrated. I can no longer use the inline tag editor, and if I vote to accept the edit, other ... Excuse me, I've a little sick in my mouth ... other users must vote to accept the suggested edit as well before it is officially accepted!
What insanity is this? Essentially, a noob can hobble a 10k god's editing powers!
I'd suggest that 10k users can immediately accept or reject suggested edits. It's only right and proper.