There's a mechanistic reason why it's a bad choice. Government is by necessity a hierarchical system, by its very nature its process of allocating resources requires a concentration of wealth and power. From first principles, there's no way around it. Any system that enforces 'good feels' top-down is unstable and has a half-life; systems of social support will eventually be redirected to benefit the wealthy. For example, if we go to single payer healthcare, it eventually will become a vector for lining the pockets of phamaceutical companies.
'Good feels' there you have it. You think empathic people are just virtue signalling, totally ignoring the benefits of a more social democracy. You believe in a system that's totally unfair to a lot of people, ignoring that I am from a country that proves that there's absolutely another way.
you're not an ethnic minority, are you? You have no clue what it means for society to be unfair, and it has nothing to do with money.
Doing what is right isn't the same as "good feels" -- does conceding your own personal self interests on behalf of a group feel good? Trying to empty the ocean with a bucket is "good feels". You present a theoretical reason against a system that works already in other jurisdictions -- this is not some far off space age shit with flying saucers, it can be done and if done and it functions well enough will improve the lives of A LOT of people.