This is an authoritarian dream, and it's why cash has a big target on it.
Got a fine? Deduct it. Putting people on the take gives government significantly more leverage over them.
Next up is to incrementally pair it with a social credit score. The concept is fundamentally against free expression; it's the same old model used keep large fractions of social classes from becoming independent.
Real solutions involve decentralization and less tax on _time_, the power players want cheap labor, so they were allowed to import it. That scam is well known now, so onto plan B.
This is really a proposal for extreme centralization via hidden tax on value producers. It's a deliberate problem; hence the Hegel soluton.