I don't think this solves anything regarding proportionality of how the economic development is distributed.

It has to be proportional to the amount of contribution poeple are doing instead of being proportional to how much already they have. Or at least the slider needs to be moved toward that direction.

So wages need to be higher (taxed less) and wealth should be taxed to force asset prices down. Giving people stock obviosly does none of these things. It ties wealth more to assets (stocks) so it will make stock (asset) prices higher which means working people will get poorer compared to richer people.

It should be possible to do a decrease in wage (concrete income) tax by putting a tax on wealth in a resonable way. This can also be balanced for older people by boosting pension payment in a way so they don't get overly effected by this in case they have all their money on their home.