It won't work because there's no practical limit to the phrase "basic needs". We are prone to avarice and this would simply legalize the survival of the fittest. Long term it would turn into anarchism and local communities would emerge with property rights as statutes.
It won't work because there's no practical limit to the phrase "basic needs". We are prone to avarice and this would simply legalize the survival of the fittest. Long term it would turn into anarchism and local communities would emerge with property rights as statutes.