I can tell you who's going to be considered the peasants. Anyone who is not the ruling class. Maybe soldiers will be given an exception for the sake of posterity.
The adoption of a Statocratic system does seem incongruent with any of the principles of Western Democracy that America was founded upon. There's probably a reason that there's a strong correlation throughout history of militarism based systems of government leading to various forms of authoritarianism and despotism. Joining the military, including now, requires a significant amount of indoctrination upon a group of people who in a volunteer service are probably a distinct subset of society already. And not just patriots are the ones who enlist either.
This indoctrination can now be put in the hands of military officers, of whom the most successful ones tend to be egoists (if you look throughout history, many famous military commanders with notable exceptions tend to be rather egotistical from Alexander and Julius Caesar right down through Frederick and Napoleon down to MacArthur and DeGaulle. And both political and military leadership tend to focus on egotistical leaders and one step from egoism is megalomania.
And once you get a megalomaniac in charge of the military (whether it happens in a year or a decade or a generation it'll eventually happen) and therefore the government, without any other checks and balances beyond your military government to check the power of aforementioned military government then your Statocratic system is probably fucked and you've basically slid into some sort of authoritarian oligarchy or other form of dictatorship. OR.... if the foundational values are somewhat strong, maybe some sort of Civil War which... isn't much of an improvement beyond say... hotly contested elections IMHO.
As a microcosm example we can look to the School of Americas. Ever since it's founding in the 1960's and despite a curriculum that apparently emphasized military doctrine and counterinsurgency warfare in conjunction respect to civil authority and human rights and civil affairs and emphasizing Western civic values, there's been a habit of graduates of the School of Americas having this peculiar habit of going back to their home countries and brutally suppressing and overthrowing local regimes because one of the things they drew from their American military education is that they might as well overthrow the old system because now they know better then everyone else in spite of getting the adjunct education in human rights and civil affairs.
Sadly all of the eggs they broke often didn't result in the creation of delicious omelets.
Plus with all of the talk in the past half century about the military industrial complex, of the Deep State, centralization of Federal Law Enforcement and Authority, and regime change wars having come to prominence, it seems very odd that while Americans have a very strong reverence for the military, that people, especially now, would be advocating for some sort of military/veterans only can vote (and thus for all practical purposes) and hold government offices. Especially as a tactic meant to remove a Womans right to vote in order to apparently prevent "feminism" from entering the national discourse.
There are other issues as well, such as military service excluding people with various impairments ranging from things as mild as seeing a Psychologist as a child or having Asthma, conscientious objectors, and the fact that unlike say back in the era of Landed Infantry there's probably not much of a need for a ten million person sized force or even national militia system and hasn't been for anywhere from thirty to seventy years (Cold War or World War Two beyond that that) makes the idea seem incredibly myopic.
