It really isn't; the program just needs to be able to declare what it expects it should be able to do, and what it expects its children should be able to do. The latter doesn't need to be a subset of the former.
But yes, it's unfortunate that macOS sandboxes cannot be nested.
That assumes you're only defending against malicious code. Spawning children with limited functionality is a useful defense against non-malicious code being exploited by malicious data, even if those children have privileges the parent lacks.
Terminal (and sshd) are special, in that they actually do end up with inherent transitive permission to their immediate intended child processes, as those children are nigh-unto universally (due to the entire idea of what terminals do) designed to be operated using text written to their input, which Terminal (and sshd) can man-in-the-middle.
But like, that doesn't generalize: it certainly (and obviously) is the case that I can have a process that is allowed to write files to disk that I would be happy to let you run even if I do not trust you to write to even those same files (as you will corrupt them), much less any file on my disk, as I merely need to trust that application to not give you the ability to do arbitrary writes.
The better idea here is that processes are their own form of encapsulation, and just because they can do something doesn't mean that they expose that functionality. You thereby must limit what tools can be used by a parent -- so almost no one gets a generic "exec" permission: you get a whitelist of tools and arguments you can utilize -- but the result doesn't look much at all like the permissions on subprocesses needing be a subset of the parent.
Actually, there’s another exception to my previous statement that I should have mentioned. For mitigations that are meant to prevent an attacker from turning memory corruption into code execution or code-execution-like control – such as restrictions on mapping memory executable (at least that’s one purpose for such restrictions), or memory map lockdown – the mitigations’ effectiveness doesn’t depend on whether they’re applied to children. Those mitigations are sometimes treated as part of the sandbox system, sometimes separate.
macOS has had a capabilities model for over a decade called App Sandboxing. It would be entirely impractical to expect app authors to correctly declare their permissions up front and for users to audit them. Hence the permissions granted to sandboxed apps are pre-determined by the OS, and can be extended through explicit user interaction.