The idea in theory is great, but we are generations away from getting there. Right now, the idea of having really high taxes for those who own/control technology to pay a minimum living wage for those who can't work would stop all forward progress from here on out. Case in point - Elon Musk. Musk nearly went bankrupt in 2008 trying to make Tesla and SpaceX succeed. If he had been taxed at any higher a rate, both companies would have failed. Musk is arguably a once in a generation entrepreneur. I'd hate to be waiting another 20 years for electric cars and private rockets to come around.
But, on the other hand, there might be dozens of Elon Musks each generation if people didn't have to worry about their children falling into poverty because the idea they quit their job and spent their savings trying to execute didn't take off.
Or, imagine during that crucial make or break period, being able to go cut the founder of the electric car company you're working at a little slack with payroll because you already had a check coming in each month that covered your rent and data plan.
Your first comment is a fair point, although the article is about not having to work and taking from those who are rich to pay for it, not providing a safety net so entrepreneurs could try risky thing.
To your second point, I'm not convinced that would happen...even if it did, labor is a fairly small portion of an auto company's costs (I think at one point I saw around 20%).
