In capitalism as a whole economic mobility is not very prevalent. If you are born poor you generally have a worse education, worse nutrition, worse job prospects, etc

If you are born rich it is orders of magnitude easier to end up in a high paying career since you have a financial support system

The idea here would be to make sure everyone is given the same tools to succeed and the same options. For example anyone who can pass their could go to med school vs only people who can afford to go without a livable income for 13 years while working 60-100 hours weeks

Then you reward people who choose to do things others don’t want to do which is the compromise

You can have that as home as well where the person who cleans the bathroom gets an extra cookie after dinner

This is in huge contrast to capitalism where the owner of the house gets the entire box of cookies and is benevolent enough to spare a pittance of food in exchange for the bathroom being cleaned

Everyone would have their basic needs met, and nobody would have 10,000x what other people have