How do you think life would be different if everyone's basic needs were met regardless of income?

I think then everyone would truly have the foundation to grow and better themselves

Something like that sounds like communism to me, great in theory but doesn't turn over well in practice. People will manage to make an uprising out of it, unfortunately, however I would not be opposed to something like having all basic needs fulfilled. It is not guaranteed that this would happen, however it is likely due to the fact that there are people who have superiority complexes and/or will try to call imbalances.

Everyone's lives would be too easy and this would lead to soft people running the country, leading to tough times.