What is your opinion on the loyalty chip?

What is your opinion on the "loyalty chip" that can be installed next to every person's brain inside their cranial cavity .. and then, if a person is trying to be disloyal or refused to recite the pledge of allegiance, a bureaucrat can push a big red on on a remote control and the wayward citizen would straighten up and profess his undying allegiance to the State? The beauty of this chip is taht it forces people to be good citizens. Riots would be a thing of the past .. the people would take to the streets and start smashing shop windows, and then a government helicopter would swoop down over them, someone would press the on - and they'd all become suddenly docile and start cleaning up the mess. The State could offer significant tax incentives to anyone who agreed to submit to the operation willingly. What do you think? And do you believe that anyone who refuses to have their loyalty chip installed is obviously a traitor - since be refusing they're indirectly hinting that they refuse to give allegiance to the government?