This would work, for about ten years, maybe less, then the whole system would collapse. You can only use other peoples money for so long before it runs out. A hippie commune does this, everybody is equal, but if someone is not pulling their weight, they are kicked out. Just how are you going to kick out people who decide not to pull their weight? People who continue not to help, not work, and basically refuses to do their fare share. Out of 350 million people, at least 35 million would fall under that category and that number would grow evey year.