> Then you think about, what happens when parents die in a car wreck to the kids?
Assuming the parents had sufficient foresight, there would be a blind trust established for the children which will provide for them.
Or maybe not a blind trust. Maybe some other instrument or institution. Whatever it is, you can be assured it would be common to the point of being established using a standard form in the local library, much like how simple wills can be created today.
Then you think about, what happens when parents die in a car wreck to the kids? So maybe what you implement is some type of National Life Insurance federal program, geared towards minors or maybe more broadly across the population. Tweaks to Social Security survivor benefits, essentially.
There are also weird questions like, what happens to a company that's singularly owned by the newly deceased? It's sold to the highest bidder, even if it's company run by the whole family?
I don't actually favor this policy for the obvious reasons people will list. But I think it's an interesting question that gets to what it means to have something closer to equality of opportunity.