First off, it seems like there’s some desire to give this proposal more time before it goes on-chain, so I’m going to wait another 3 weeks to be sure there’s enough time for discussion (October 24th).
The Community Pool will continue to get 5% of all Interchain Security + Cosmos Hub Transaction fees, so there will continue to be working capital there in perpetuity.
The Assembly can organize in any way they like, so I expect this discussion to be part of the Charter formation that would happen if the proposal passes. Individual councils will also have their choice in how to self-govern.
Yes, the ongoing issuance is slated slated to go to the treasury for public goods and growth spend. This is because Interchain Security revenues should more than make up for the security subsidy paid to delegators and validators. Also it’s the Assembly’s prerogative to use those funds judiciously. They could conceivably send some portion to the distribution module, or burn them if there are already significant revenues coming into the Treasury.
I’ve been speaking about the Charter with the Hypha team, and other core entities. You can see @sacha’s post, where he’s been starting to research Zcash’s equivalent to the community council here. We can certainly start a thread on the charter, but I want to spend most of my time answering questions about the paper until it’s on-chain.