As a UNI holder, I believe our most important goal is to improve the quality of the Uniswap DEX, which ultimately would result in it being used by more people. I believe that goal is more important than making the UNI token an income generating token to simply increase our profits. Turning the fee switch would make uniswap less competitive because of reduced LP profits (less TVL and more slippage). The question is, can the fees generated by the fee switch be directed towards the improvement of the Uniswap DEX in a way that would compensate for reduced LP profits? Simply directing the fee to UNI holders would initially make UNI more valuable, but with the drop in trading volume in Uniswap, the UNI value might drop too. Forcing LPs to buy UNI to get trading fees that they are not getting anymore doesn’t seem logical to me because they could simply hold the assets and then buy UNI instead of LPing, especially if their fee income no longer covers impermanent loss. Your proposal already assumes that turning the fee switch is good for the protocol, but I think its more responsible to use part of that 0.3-1 million UNI to first conduct research to see if thats even the case.
I’m really interested in finding out whether turning the fee switch will be good for the protocol and I understand that currently the UNI token doesn’t have many uses. Maybe trying to find new uses cases for it would be an alternative to turning the fee switch. If your research shows evidence that turning the fee switch will be good for the protocol then I would support it.