It should be an option for those outside the top 1%. Let’s be honest, plenty of jobs suck and a lot of people who look after a children professionally are not the brightest sparks in the fire (at least where I am). Why should someone be forced to do a crap job then give all that salary to someone less cultures than the to look after their kids. Why not just do it themselves?
If one of you has a good, full-time job that should cover basic living expenses. It should also not be looked down. My wife is a stay at home mum, she is also a feminist and I certainly did not not force her to to work. The only thing we regret is the way people (especially other women but not only) look down on her.