Profit making systems are inherently innovative and competitive and that won’t change with Wisdomics-Gracenomics despite it having a publicly administered directly distributive financial system because it would still remain a profit making economic system.
As the natural philosophical concept of grace is an inherently wise as in integrative of opposites type one, regulatory encouragements and sanctions would naturally follow on from it, and any unbalanced fall away from such could be met with appropriately gracious as in benevolent and yet sovereignly powerful means of enforcement.
Sin taxation and profitable virtue encouraging incentives in whatever area any such imbalance in the economy occurs would be a rather straight forward rational and ethical process….so long as it abided by any other relevant aspects of the concept of grace as well.