The point of it is to redistribute wealth using the existing capitalist framework, which is a left-wing endeavour.
But it doesn’t redistribute wealth. To do that, you have to take wealth from somewhere and spread it elsewhere.
Right, so instead of big tech companies keeping all the profits made from utilizing user data, a big chunk of it goes back into the pockets of the users themselves. Like a cooperative organization that shares profits with its workers.
Like a corporation that pays wages. Yeah, trying the same thing and expecting a different outcome.