There is no point in capping fiber speeds. Either that capacity is in use or it isn't. It isn't like water, where a resource is depleted from usage.
Aside from that, I agree with your concept of the government providing all the essentials. Capitalism is great for providing products that suit a person's individuality, but it sucks at ensuring the survival and wellbeing of people.
We should use the chopping block on him, and repurpose his wealth to fund government programs. Especially for repaying federal employees for this shitshow.