What's basics? Of course one can always overbuy hardware compared to the tasks but we are discussing some usage more fitting to the laptop form factor. I would argue that for a laptop a basics is at least some kind of office white collar work or similar. And so it is most likely that at least 2-3 of the Electron monstrosities would be used, an office package or something along the lines, multiple loaded tabs in a browser a few of which will be memory leaking enterprise crap, a few communication apps etc. Nothing really outlandish, only handful of apps, but because they are all fat, they will eat the 3Gb margin super fast and start caching.
The storage is fast enough to not be too much of an issue, and the basics would be mostly a web browser, a lot of things can be done with only it, and if you need to do more than web browser, text editors, you probably should want more than the Neo in the first place