I'm not familiar with the Kuwaiti experience, could you elaborate?
> We have to consider if this would be relatively better or worse for society, not just would there be problems.
Agreed; though I'm wary of making big, breaking changes to a complex, evolved system. Previous attempts to cut over to radically different socioeconomic architectures in production have tended to end poorly.
Kuwait has enough oil money to give their people free health care, free education, housing subsidies, and food subsidies. On top of that, they have guaranteed employment so ~96% of their citizens work for the state. Oh, and there's no income tax.