Are There Any Penalties for ESF Evasion?
Yes, when ESF evasion is detected the first time, an additional 0.0055% ESF is automatically deducted each day from the offending account at the time of detection. If detected a second time, an additional 0.0137% ESF is deducted each day. Three or more detections result in an additional 0.0274% ESF deducted each day for each detected evasion. Remember, the ESF only applies to the top-1% of Gini accounts when the Gini Index creeps above 25%. This is not an attack against rich people and it's certainly not too much to expect rich Gini holders to support the stability and sustainability of the Gini ecosystem.
If any whales are uncomfortable with this policy, they can always sell their Gini and go back to the broken markets and disruptive volatility that exists in all the other fiat and crypto markets.
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