I say there is a better way. It is not of the 'right' or the 'left'. It is economics, not ideology.

It can be thought of a a kind of permanent 'quantitative easing'--but with built-in protections against inflation. The money would be used to fund a guaranteed minimum income a person could actually live on. The same process could be used to fund government--all government, from local to central--at the current per capita rate of total government spending, thus eliminating using taxes/public debt for that purpose. The existing economy would become self-regulating. Sustainability would be increased--because demographics would govern, passively but effectively, total output. All of that would be accomplished without imposing any cost on employers, without having to redistribute anything, without imposing any limit on income/wealth, and without requiring people to act any particular way.

Otherwise, there is little to recommend this idea.

The linked article is a "4 min read" here in Medium (but not behind the paywall) with links at the end to more about the proposal.