I don't give a stuff about perfect humans. Excuse me for sounding like Barney the dinosaur, but I would rather have a small society of imperfect, caring humans than lots dull, uniform perfect ones.
Who's to say the Master Race won't be caring? You don't know the characteristics we're selecting with. Plus, the Master Race won't be uniform, that's not the goal. There will be natural variance and we maybe might mix it up once in a while for fun? What do you two think about giving half the population purple skin?
With each child becoming less perfect
You really don't understand selection. We cull the ones who don't meet a certain standard, and every generation we raise the standard. However, the average will have risen too, so the society remains at a steady population.
With intelligence come a possibility of growing a larger starfish. But growing and engineering a civilization that can withstand diseases is okay with me.
Intelligence is a goal but we're not anti-emotion.