No. Because you'll get some fresh level 20 being handed some of the best gear in the game. They'll skip hours of content and the joy of carving their own legend if they do this. It's not the destiny way. Every piece of gear we wear, we have earned through battle or by tongue-kissing Lady Luck. A trade system would ruin this game. It would start more fights on the forums "why doesn't anyone EVER have_____?!" or "I can't get_____ does anyone have it?" the community and adventure of Destiny would suffer greatly.
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Hours of joy? [b]more like hours of grinding to get to a point to even have fun with friends in endgame[/b]
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Someone didn't get Gjallahorn until last week...
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What part of guarding dinklebot for 300+ hours to get a rocket launcher that may or may not spawn is carving a legend
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True destiny would suck