In theory this is an all-for-one, one-for-all, universally equitable type of utopia fantasized about in every socialist's wet dream.
It appealed to the proletariat peasantry as an ideological alternative to their bourgeoisie baron slave masters. It looked good on paper but poor branding doomed it from the start when Western PR propaganda portrayed its hammer & cycle logo to symbolize hacking off the worker's head with a cycle of and pounding it into the ground with a hammer.
What little credit Communism did achieve was soon lost when corrupt party officials succumbed to their greedier impulses. Contemporary communism as practiced in Russia and China is just another form of capitalism with a tyrannical twist.