That's fine if you can stop them from tearing you apart for not increasing their basic stipend as the cost of living increased.
You aren't going to defeat human nature.
Those theories have been around for hundreds (thousands) of years, but oddly, it never happens. There's a reason for that.
People are not automatons and they usually think for themselves (with varying degrees of success) and won't fall into line with the rules necessary to sustain a utopian society.
You'll be left with nothing but a gun in your hand trying to force your well upon them. Forced utopia begs for revolution.