I'm sure there are thousands of people that haven't been 'proposed' who have contributed more than their fair share to society as a whole - the REAL unsung heroes. For every bona fide person honoured, there's a charleton who has been gifted a gong for no other reason than being a 'celeb' or a faithful pawn in the big game. The honours list IMO, is our equivalent of the farcical Oscars.
Personally, I'd rather get more satisfaction from a pat on the back from my collegues than a piece of metal from someone who had no idea I even existed ..... but then again, that's just me. :-)