The reason most people aren't willing to buy packs is because they are a sure way to get absolutely wrecked. One of the reasons many players in the past were willing to buy packs/cards is because there was a sense that they eventually would become more scarce and valuable.

Exactly.

Wild should be a place where players get rewarded for holding the prices of older assets up in value which gives newer players confidence to buy into the new set and start playing in modern. This proposal doesn't do this in any way or form and even makes it worse I would say.

Yup. They should implement the CP proposal that was passed by the player base.