Regarding reduction of work hours, I’m a subscriber to the prevalence of “bullshit jobs” theory. Remove the power from corporate overlords via redistribution and put those resources under more democratic control. As a bonus people will take ownership over their schedule.
Sure, with less people working we may not have forty choices of toilet paper or same day delivery of counterfeit trinkets... but I’m more than ok with that. It will be necessary to reduce carbon emissions, anyway.
If the wealth is redistributed to the people (the mechanism isn't important) then that amounts to a few thousand dollars per person. This isn't the kind of money that would allow wide-spread reduction in work hours. My expectation is that most people will liquify that wealth and spend it over a long weekend. Do you have a different expectation?
If rather than being given directly to the people, instead the state keeps that money, are you predicting that Donald Trump will use it to build you a new school?