Also, you're going quickly run into many of the problems current redistribution programs face. One of the big ones is how to deal with people that spend money irresponsibly.
Probably we’d need Georgist policies or similar to keep all the money from just going to landlords, yes.
The main 'irresponsible spending' is interest and fees on loans, fines, 24 month contracts for unneeded stuff, etc.
Make the bankruptcy system far easier to use and take away the downsides, and then anyone with money trouble can go to a court, and walk out a free person, keeping their job and basic income, which should be sufficient to pay rental on a basic house and car.