I would probably support this move (not totally sure still, have to think more), although in my opinion ABCbits' suggestion of 0.1 sat/vbyte is better. This is not something set in stone but simply a default configuration so it can be played around a bit with it.
If we have 0.1sat/vb then after another 10 years we may feel that it is huge value according to the price situation at that time so setting low as possible can be a good thing so we don't need to adjust every time. And since this is a free market everyone can opt to pay the high fee which can be 0.1 or even 1 sat/vb but I feel having the opportunity to pay as low as possible is kind of right to everyone who owns bitcoin and that paves the way for bitcoin to be used for actual payments since the most criticism that bitcoin receives is about expensive and slow transfers.