Ultimate plan to stop the inflation

Didn't EMS try something like this not too long ago? I wonder how it worked out, anyways? Any EMSers here?

If they had done just that, it would've not really affected anybody.
But they just cut your mesos depending on how much you already have and they didnt cut what people had duey'd, so hackers had plenty of mesos :/
Leading to most rich legits(me included) being royally buttpineappleed.
And even then that wouldn't change much, it'd just make most items cheaper for a while untill it slowly climbs back up.