Propositions exist in minds, hence my point about subjects. Indeed truth is more properly a relation between reality and a (knowing) subject than between reality and a mind-dependent proposition.
You can't be serious. There are several problems with this:
First, a "knowing subject" is a subject who has knowledge. Knowledge entails much more than simply a proposition existing in the mind of that subject. For example, I may have the proposition "It is raining in Canada" in my mind, but if I've arrived at that belief by flipping a coin, then I do not have knowledge -- regardless of whether it is actually raining in Canada. However, that proposition is either true or false depending on the reality of whether it is raining in Canada. Knowledge requires more than simply a true proposition existing in the mind of a subject. It requires justification, and most likely, some sort of anti-luck component to work around Gettier situations.
Second, there are all sorts of true propositions that no one has knowledge of yet. For example, if I was the first person to think "Mt. Everest is the tallest mountain on earth," that doesn't mean it wasn't already true that Mt. Everest was the tallest mountain on earth. It is silly to think that a human must believe something in order for it to be true. By that logic, if everyone but one person died tomorrow, the only true propositions would be the propositions that person believes, which is absurd.
You're begging the question. The only reason such a thing is said to be "logically impossible" is the LEM itself (or its corollary, the LNC). Or, if you don't think you're begging the question, what principle other than the LEM are you appealing to?
I'm appealing to the law of non-contradiction, not the LEM. X cannot equal both "y" and "not-y." That is a violation of the law of non-contradiction. So, to say that "The present King of France is bald" and "The present king of France is not bald" are both true is a violation of the law of non-contradiction.
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