That's all much more about how you spend the money that you've raised, rather than how you've raised the money. Just for the record, yes, callous neoliberal that I am, I support there being both a welfare state and a safety net.
Perhaps a slightly different one to the one we've got (I'd like a citizen's basic income rather than means tested support) but that social insurance system, in some form or another, not only will stay but should.