I, unsurprisingly, think this is a great idea. The higher ranked members have a lot of excess merit and do not need more. Can someone tell me where the merit came from originally and what the criteria was for it's original distribution? Was it a reward for higher ranked members at the outset? I've been here since December last year and granted am not on here all the time, didn't hear about how to receive merits when they were introduced.
I think encouraging newer members is a good policy to decide on gifting your merit.