Yes, The United States does live up to this ideal today. What Jefferson was trying to state was that the American Colonists had the same right of fundamental government. This means, if the government does not protect these people, they have the right to change their government. So technically Thomas Jefferson believes all people are entitled to equal treatment under the law.
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No, the United States does not live up this ideal. All men are still not equal, because people of color still do not have complete equality, and still face prejudice and racism in their work, school, and daily lives. The statement that "all men are created equal" also excludes women, as women also face prejudice, an example of this could be the wage gap between men and women. This statement also does not account for people who are part of the LGBTQ+ community, as they also still face predjudice because of their gender oriengation or sexuality.
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