In practise, this is more or less the case already in the nordics. The social safety net is so wide that even if you fail spectacularly at life, you won't hit rock bottom.
Except if you do badly at business, you have to lose everything before they help you. If you have anything that can be turned into money, or your spouse does, you have to use that first.
Another facet of the Nordic system, and not great for entrepreneurs.
