What? Just because Roosevelt et. al. were proponents doesn't make it a good idea. You hypothesis presupposes something about human nature that I think is fundamentally flawed, namely that people will be inclined to evenly disperse the benefits of such a program. Much like communism, or some sort of stateless libertarian utopia(what ever that's even called?) it sounds nice on paper if you squint and hand wave away the way real people actually behave.