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People being wasteful doesn't mean there is plenty for all, it is a fallacy. A man that works 40 hours a week has more money to spend OR WASTE than someone who works 10. How often I have seen people waste their money on fucking RIMS.
Where are you getting this idea that we have enough to make everything free idea from? Have you watched the video about Seattle dying?
There is NEVER enough as humans always demand MOAR. It is in our natures. Seattles homeless problem exists because they speak of socialism yet have nowhere near enough money to fix it. The problem lies in the fact that free shit only works when there are limits placed. Otherwise, for every homeless you give free shit to, two or three more show up. Look at the euros as a very good example. They talk a good game but once migrants started to flood in and overwhelm their social systems, they straight pulled a 180 degrees.