Frankly this sounds insane. Your way wipes out everybody, because guess where everybody's 401ks are invested? Guess where a huge chunk of index funds are invested? That wipes out retirees and companies, which wipes out jobs in one of the last high-paying industries left for the average man. It also wipes out the disposable income people have been using to float other unhealthy industries. We are a service economy and if there is no money to pay for services we all fall apart. It's the reason the fed is choosing inflation over deflation.
This is the exact mindset that leads us to never improve this country and try to get it back on top. Recovering from this bullshit is going to hurt a lot, but it's necessary in the long run. If not, we'll just continue to death spiral.
In many ways, a country is like a human body, so I'll use this as an example. I used to be a lazy fat fuck (still am fat, but much less so). Decided one day I wanted to get in shape before I reached an age that it became astronomically harder to get in shape. My main change was going to be weightlifting with some dieting. Following a weightlifting program, my first day was biceps and triceps. I overestimated my strength. Lifted them fine, but the next day was the worst pain I've ever felt. It was DOMS on a level never felt before. Had to take off work for a couple days because it hurt so bad. I was scared I had completely fucked my arms u, but in a week, it went away. After a week of pain, I didn't want to go again, but I knew this was one of my last chances. Next set was leg exercises. Dumbass me didn't take into account that my body weight was more than sufficient for these exercises and I added some weight to them. Horrific DOMS again. Stuck recovering for another week. Finally third time was the charm, and I lifted safer. Within a month or two, I was lifting more than the times I destroyed my body, yet with only a small amount of soreness afterwards.
Our nation is like I was. Fat, bloated, lazy, coasting off of performance gained from good behavior while younger. Trying to get out of it will hurt a lot. It's not easy, it's not fast, and it sucks. But if we as a nation put effort into unfucking this shit, we can reverse course in no time flat with only a small time of horrible trouble. Will some stuff fuck us over and delay progress because of stupidity, arrogance, and, in the country's case, outright maliciousness? Absolutely. But we have to start making tough decisions now to fix shit, or we will quickly get to a point that we can't. The best time to start fixing your country, much like fixing your body, is years ago. The second best time is now. Saying we can't unfuck ourselves without all kinds of restrictions because we've fucked ourselves into a corner is the worst minset we can have, because we'll never get better.