It's not a silly idea at all but I like to think of myself as progressive and I think it is a very bad idea in reality vs on paper.
Just look at how college costs magically rise to the availability of loans and grants. What do you think is going to happen to food and rent prices once those supply chains figure out there is much more profit to be made?
The Walton family alone has more wealth then the lower 42% rest of the USA. What do you think is going to happen when they know all their customers have a certain base income - you think prices are going to stay where they are?
Just look at how college costs magically rise to the availability of loans and grants. What do you think is going to happen to food and rent prices once those supply chains figure out there is much more profit to be made?
The Walton family alone has more wealth then the lower 42% rest of the USA. What do you think is going to happen when they know all their customers have a certain base income - you think prices are going to stay where they are?
So you will just make the wealthy more wealthy.