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These ideas are great, Radar, on a macro level. But when you talk about practicalities, it starts looking less like a good thing and more like a "fend for yourself" thing. And I'm here to tell you that all men are not created equal, and every person in this country does NOT have the opportunity to earn $50K a year.
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Life is a "fend for yourself" thing. And I agree that not all people are born with the same abilities, talents, brains, looks, etc. but Constitutional equality refers to equality of opportunity, not of standing. You have the equal freedom to go as far as your particular talents, abilities, brains, looks, etc. can take you. For some people that's not as far as others.
Also the majority of HOUSEHOLD incomes are single incomes.
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There aren't 251 million $50K a year jobs. Not every one can earn that amount. Therefore not everyone can live responsibly (read: well) in your new America.
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There aren't 251 million working age adults in America and everyone can live responsibly if they choose to. That means if they can't afford to have kids, they don't have them. And it's not a new America, it's the same America we've always had. I'd just remove the forceful government robbing some people to pay for others. One persons needs don't entitle them to rob another person just because they are doing better.