politics
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The lack of term limits exists to allow judges to be impartial. The President should explain the ideology of how the checks and balances of government will be effected.
Hypocrisy. For centuries power has been concentrated into the executive branch. A member of SCOTUS called for ethics enforcement. The executive responds by proposing to further concentrate power.
The executive wishes to constitutionally codify that future Presidents cannot present and cover up as poorly as Trump. Once Biden flubbed his lines the situation was at risk of a repeat. If the masses believe it's fucked then it's very bad for corporate profits. Profit maximization now requires a means to remove a President.
ELI5, How does no term limits allow for impartiality?
ELI5 is for someone else to provide. I'll instead give you the answer an adult deserves.
Compare a SCOTUS justice to any legislator or the President: The legislators and President must act as their corporate donors wish or they'll not be re-elected. But, the fundamental ideology of the US (and prerequisite to a world I wish to live in) mandates that the minority be protected from the majority and the majority from the mediocre outcomes of democracy.
This role is never safe, politic, or popular. The lack of term limits allows SCOTUS justices to judge without these concerns. We hope they act for the People. But, we also risk of them acting as they do now.
The system is broken. But, the proposed changes make it arguably much worse as they limit the ability for the system to self-recover in the future. They appear at best to be kicking the can to future generations (typical boomer shit).
FTFY