This is beyond fantasy.
Nearly everyone in America has a smart phone in their pocket more powerful than the most powerful computers of just a few years ago. On that device is all of worlds information, a Google search away. What do people mostly do with this access and power - nothing - Facebook, Reddit, and other distractions. Giving people handouts will not lead to an revolution of art, culture, and businesses... It will lead to sloth, resentment, and failure.
Our society already produces enough abundance and opportunity such that any hardworking individual can EARN a life that most people in history could only dream about.