First we introduce the concept "Flat function":
Definition: A smooth function $f:\mathbb{R}\to \mathbb{R}$ is called a flat function at origin if $f^{(k)}(0)=0$ for all $k=0,1,2,\ldots $.
Let $V=\{f\in C^{\infty}[0,1]\mid \text{$f$ is flat at origin}\}$. We equip $V$ with $\|\cdot\|_{\infty}$.
Is there an infinite dimensional subspace $W\subseteq V$ which is invariant under the differential operator
$D(f)=xf'(x)$ and $D$ is a bounded operator on $W$?
The motivation comes from page 43 remark 2 of the following paper:
To me, it seems unlikely that such a subspace $W$ can exist. If you define $Q:V \to V$ by $(Qf)(x) = \log(x) f(x)$, then you can check that $$QD-DQ=\mathrm{id}_V$$ which is a version of the canonical commutation relation. I don't know off the top of my head whether realizing the canonical commutation relation while having one of operators bounded is out of the question in the setup you have given, but it at least seems rather far fetched.
Added: Actually, what I wrote above may not be an issue after all. What if $Q$ doesn't map $W$ (or a dense subspace of $W$) back into $W$? I'll leave this answer up anyway just in case it is somehow helpful.
Other thoughts:
Let me also throw in some disorganized notes which might be helpful (and which are anyway the way I arrived at the operator $Q$ above).
Anyway, one upshot of these observations is that, if there does exist a subspace $W$ with the property you are after, then there will also exist an infinite-dimensional subspace $W'' \subset C^\infty([0,\infty))$ satisfying