I have also thought about this in the past and came to the conclusion that it would benefit everyone in the world, I would allow people to do what they want, when they want.
People would be spending more time with their families and doing the things we all want to do, but never get around to doing or can't afford the time and money to do it, like I love hunting and fishing, but I rarely get the time to get around to doing it.
The other thing is that it would bring the rich and poor closer together and we will have less violent riots and things like that.