RE: Steemians: What's your economic philosophy?

I read about a different community last week, don’t remember where it is in the world, but think someplace in the East.
All the inhabitants was to share everything what they have earned with their society on time per year. No one was to be rich and no one was to be poor. They have a lot of cool ideas about life and how to live it without greed, envy, jealousy and hate.