While I get the sentiment, another solution would put even more junk into low orbit, and cause even more problems for radio telescopes. There was already major concern about this with Starlink.

The questions are, what are the use cases, and can they be served by alternative technologies? When you answer that, then you can look into seeing if the extra latency to GEO is acceptable, or if terrestrial systems can do the job.

Eventually, I could see satellites becoming modules that attach to a frame that handles station keeping and such. That would keep LEO debris down. Would probably need Starship-level heavy lift to make that work, though, and nobody else has a rocket on that level except the chronically overbudget/overschedule SLS.