It incentivises hard work and thrift, to create savings going forward.

by breaking the banking cartel and creating fair money more people will be able to save.

also consider that a lot of people are just stupid. Watch those "i won the lotto" shows and see what happens to "average" people when they become rich... most end up broken in a couple of years, often far less happy than they were before it happened.

You can't really fix stupid.