Final answer:
Verifying ID is essential for preventing identity theft and maintaining trust in institutions as well as deterring voter fraud, though strict ID requirements may lead to reduced voter turnout among certain groups.
Step-by-step explanation:
Verifying the ID of the signer or presenter is crucial in deterring instances of identity theft, fraudulent activities and maintaining the integrity of various systems, such as banking, healthcare, and governmental services. Without proper ID verification, people could potentially suffer from financial losses, and there would be a degradation of trust in critical institutions. Moreover, in the context of voting, rigorous ID verification is argued to prevent voter fraud, although evidence of widespread voter fraud is minimal. Stringent ID requirements, however, can discourage or inhibit certain groups of people, like minorities and the elderly, from exercising their right to vote, resulting in lower voter turnout and impacting democratic processes.