Username checks out
Jokes apart. Not a bad idea. But do you really think people haven't thought of changing this across all these years? Why do you think everyone resorts to caste and religion politics?
You want practicality, you need to first be part of a mentality shift among people. People are emotional than practical.
There are much more complex things involved. Simply put, your move is gonna reduce taxes, what will you do with the revenue deficit?
Tldr -
There's way too much to talk about, but all I can say is, this post is as naive as it can get, where you envision an ideal world. You need to learn how politics functions in this country.
I'll tell you what, take the smallest possible village you can think of, convince the people there to put you into position of power. From there, show us this capitalist mindset in your work. That's a more realistic goal that would force you to get in the deepest shit possible with a small set of people and would act as your MVP kinda thing.
All the best!