I would think so too. There is something else going though. It a system that relies partly on trust. A sort of moral asset with herd effects. It’s a system that can tolerate a certain amount of gaming, but when the threshold is surpassed, it becomes a failed system. It has to change, to the detriment of the justly entitled.

And that is the sad part, when that unstated assumption, that one may not lie, is broken past a threshold, it increases the transaction cost for everyone.