This hits the mark, hard. It would introduce so much more flexibility into the economy. Some people would abuse it, and critics of these bills generally harp on

This hits the mark, hard. It would introduce so much more flexibility into the economy. Some people would abuse it, and critics of these bills generally harp on how no one would do anything, but that's overblown, and the flip side is that people will be free to reeducate and relocate themselves rather than getting stuck in poverty traps and becoming slaves to their short term needs. The lack of that severe risk will allow people to take much bolder risks. This won't eliminate people's drive to excel, become wealthy, etc - we're biologically driven to try to look better than other people to be more attractive, and to provide our children with a good start. This will just make the failure mode not so bad, and enable people to try again, or switch course. If we can stomach the direct tax impact, I think this would be the most positive transformative change we could make in the near future. Being able to eliminate almost every other entitlement program and their associated bureacracies would be a nice side benefit.