com·mu·nism
/ˈkämyəˌnizəm/
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noun
a political theory derived from Karl Marx, advocating class war and leading to a society in which all property is publicly owned and each person works and is paid according to their abilities and needs.
Just so were clear. That is the definition. But....I do see that you have good intent for mankind. Communism, socialism, capitalism....all work on paper. The problem is that they get abused. How you ask? By one party taking more than they are entitled to. Capitalism breeds monopolies. Soc and coms breed misapropriation of funds lost in beurocracy. Universal income caps "could" fix this. But in the end, we know 2 things from the past. 1 you cant have utopia, and 2 you cant dominate the world.