Earlier quoted context omitted.
This could make it impossible or dangerous to pass in many situations where it may be necessary to temporarily exceed the speed limit.
So if every car is following the speed limit, that is going as fast as they are allowed, why would any one person be passing someone else?
Its not uncommon to see stretches with traffic constantly packed 4+ lanes going 75+ each way.
Trying to put the same burden of vehicles through at 65 with 300 ft between would be a joke. A given lane would carry less than half actual traffic. Bad traffic would become a city wide disaster.
Then consider that you can only impose this on a portion of drivers per year and drivers have to drive with those without governors indefinitely.
You also discount issues with safety by following at an appropriate distance. Trying to fall back 300 ft can only be achieved by driving too slow leading to both passing and people taking this new huge space whist giving you the finger leaving you with even less space.