The fact is, this country could fund universal childcare, universal healthcare and universal education from K-16 and not 'wreck the economy.' All it would take is doing what every other industrialized first-world country has done... and done better, with less resources.
And don't worry, the people who you think are actually living in abject poverty aren't reading on HN on a Monday afternoon, so my discredit of their situation will go largely ignored.