This sounds nice in theory, but how doesn’t this result in price inflation? Not only are you going to be taking a portion of businesses’ profits in taxes, but now you are increasing the cost of labour. And frankly, some jobs suck so badly that no one is going to want to do them without being paid a ton of money. For example, manual agricultural labor. Food costs would almost certainly skyrocket. (Unless you account for illegal immigrants, which you couldn’t naturalize because then you’d have to give them a UBI).