I think this system probably isn't one we can design by thinking really hard. Like an organic system, it's unique, it's not a perfect pattern, and really, really complex. Think less "like chess" and more "like a digestive system."
While I'm wary of any system that relies on "tax and redistribute", I do like the increased simplicity.
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Actually, it's possible to see it differently. It's "print money" (ubi) and "control inflation" (lvt). You're not taking anything away from anyone and spreading it around; you're creating purchasing power and then making sure the money has value.
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This is a frame that also works but I don't feel like it invalidates the tax and redistribute frame either.
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