Needs v wants

Needs: healthcare, utilities, public transport, even a minimal but quality food source. Even to the point of utilitarian but working phones/devices. State ownership where profits are minimal but go back into the state. The services aren't necessarily free, but are run without massive shareholder payouts.

Wants: upgrades and luxuries. iPhones, treat foods, nice cars, silk bedding and those ridiculous marshmallow shoes everyone loves. Regulated but free market.

Now all your basic needs are covered by the community together. You could probably live a simple life with very little income. If you want luxury or fancy, feel free to work too get it.