In my previous essay I ranted about our incoherent attitudes towards work. Furthermore, DBB exhorts me to describe what I would do as "dictator". Here's my answer.
(Full disclosure: I learned of the basic concepts of this article from the work of science fiction author Mack Reynolds. I get a lot of my ideas from science fiction, so sue me.)
Create a government-chartered corporation. Acquire, by dilution, 50% of the common stock of all the public corporations doing business in the United States. End corporate taxation and this action will be revenue neutral. Create twice the adult population of common shares of this corporation. Give each adult one share, and he or she is entitled to the derivative dividends. Split the stock as necessary to keep the value stable and to translate greater capital wealth to greater dividend income. (This plan has the added benefit that we can base the dollar on something tangible, instead of the creditworthiness of the government.) The government will keep a quarter for its own income, and sell a quarter on the open market to establish a value. Create legal and financial incentives to minimize large private corporations.
Put industries that produce necessary goods (food, shelter, electricity, transportation) under partial or complete government control; electoral control is sufficient to guarantee performance, and these industries operate so close to margin anyway that private control doesn't offer much benefit to efficiency.
Tax income for consumption on a sliding scale. Do not tax income at all that is reinvested into productivity, but tax all consumed income equally regardless of its source.
As our productivity increases, people will receive more and more of a dividend until an equilibrium is reached between the desire for leisure and the desire to work for luxury.
It really is as easy as that.