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Re:Charlie Munger: ‘The Phone Is Not Ringing Off the Hook’ by Press2forEN on Friday April 17, 2020 @02:57PM (#22901809)
Among the many problems with that idea is that no one agrees on the definition of a "fairly basic life." One leader's definition will be different from another, so we're ever at the mercy of gaining/losing benefits at the whim of (at least in the US) a distant and isolated ruling class.
Re:Charlie Munger: ‘The Phone Is Not Ringing Off the Hook’ by pmiller2 on Friday April 17, 2020 @04:17PM (#22902569)
At this point, anything is an improvement. But, the minimum should certainly include the "basic needs" of physiological needs and at least partial fulfilment of safety needs, which are at the bottom of Maslow's heirarchy [0].

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[0]: https://www.simplypsychology.org/maslow.html

Re:Charlie Munger: ‘The Phone Is Not Ringing Off the Hook’ by gowld on Friday April 17, 2020 @03:01PM (#22901868)
US can have state and local welfare systems, so not necessarily distant and isolated.