That would unleash a pandora's box of corruption and abuse by inviting bureaucrats to even more directly control the economy through vague notions such as "too long." If you think the system is bad now, it'd be 10x worse if what you're suggesting were implemented.
Every layer of bureaucrat control and vagueness that is applied, dramatically harms the economy and brings it down toward stagnation of zero growth. We got 30+ years of that demonstration from France, where their GDP growth and wage growth has averaged 1/4th to 1/5th that of the US over the last several decades. Similarly Japan has a hyper regulated and rigid economy, with predictably bad growth as a consequence. As the US has grown more regulated over the last 40 years, its GDP growth has dramatically slowed (while the global economy has routinely grown far faster, and the US share of the global economy has not fundamentally changed).
Instead of considering these political concepts in an idealized fantasy scenario, you have to actually apply them to things as they are. You have to apply them with politicians as they exist in the US today. It would be the worst nightmare imaginable economically, next to moving to actual Socialism (ie direct, literal corrupt control of the economy by bureaucrats).
Every layer of bureaucrat control and vagueness that is applied, dramatically harms the economy and brings it down toward stagnation of zero growth. We got 30+ years of that demonstration from France, where their GDP growth and wage growth has averaged 1/4th to 1/5th that of the US over the last several decades. Similarly Japan has a hyper regulated and rigid economy, with predictably bad growth as a consequence. As the US has grown more regulated over the last 40 years, its GDP growth has dramatically slowed (while the global economy has routinely grown far faster, and the US share of the global economy has not fundamentally changed).
Instead of considering these political concepts in an idealized fantasy scenario, you have to actually apply them to things as they are. You have to apply them with politicians as they exist in the US today. It would be the worst nightmare imaginable economically, next to moving to actual Socialism (ie direct, literal corrupt control of the economy by bureaucrats).