Earlier quoted context omitted.
A progressive income tax that does not exclude or favor capital income, so that funding ideally targeted transitional assistance, UBI (with a rate ratcheting up with sustained increases in per capita revenue), or, ideally, both so that the adverse effects of labor market shifts which shuffle or concentrate labor demand or shift from labor-intensive to capital-intensive methods are buffered.
How do you prevent UBI being captured by landlords in rent, and similar non-discretionary spending?
Will some of the increase still be captured? Probably. More in some areas than others. Will we be right back to square one (or worse)? I really don't think so.