Ethereum has established a model of “minimum viable issuance” with broad community consensus. Most projections do not indicate that an increase of the block reward is required to maintain secure operation of the network- even with the successful implementation of EIP-1559.
Further, accommodation of this form only delays the inevitable as we move swiftly towards a merge of eth1 and eth2, where PoW mining rewards will be zero. IMO, we should avoid measures which encourage further investment in mining hardware by miners given this reality.
For these reasons, I don’t feel this proposal is necessary for sustaining secure operation of the network, nor does it gainfully improve the network.