Boy, if you want to give a Republican a traumatic brain injury, just implement this! It will make them hallucinate visions of welfare queens driving Cadillacs.
Somewhere down the road, we will have to implement something like this. So many people will have lost their jobs to efficiency and automation and so much of the wealth will have been concentrated in the hands of so few people that the entire economy will collapse -- no one will have any money to buy anything and buying -- the velocity of money -- is the engine that keeps our three-card monte/Ponzi economy afloat.
I suppose one alternative would be to spread the ownership around (everyone gets shares in a broad market index fund) so that everyone becomes a passive investor, just like our billionaire politicians and their puppet masters. But that would really give Republicans a massive case of cognitive dissonance!