Of course it is the 'best system' and nice 'way of life'
(As long as you get some third party/country sucker to chip inn for the bills) But what do you do when (like in every other Ponzy scheme) you run out of suckers ?

Of course, there is also the alternate point of view that was well stated by Maggie Thatcher:

The problem with socialism is that eventually you run out of other people's money.

There is also this quote from the parable of The Grand Inquisitor from Chapter 5 of The Brothers Karamazov (Fyodor Dostoevsky):

In the end they will lay their freedom at our feet, and say to us, "Make us your slaves, but feed us."