Remember the reasons we have punishments? To discourage further misdeeds. Also, to restore justice by inflicting suffering on those who deserve it. Punishments would still be dished out for pragmatic reasons, but retributive punishment would be rendered entirely meaningless.

It would also shatter all sense of acomplishment an individual could have. All that would be left is maybe a perverse pride in knowing you where born “better” than others.

I don’t think society would survive if it was a common knowledge.