I know MMT. It and this proposal do have certain similarities. I wish Kelton and them could be exposed to this proposed paradigm.

The very best answer might lie somewhere between the two. Retaining the existing structure of individuals' incomes beyond the guaranteed minimum income while ensuring that sufficient money would be withdrawn from the economy in making the economy self-regulating is the most problematic part of this approach.

As far as I know, no proponent of MMT has explicitly called for using it to eliminate completely unemployment and poverty or proposed a way to make the supply of money, and thereby the economy as a whole, self-regulating--which would put an end to unavoidably creating 'winners' and 'losers' in 'managing' the economy.