I think that's ok
I also think that it'll probably be a lower amount of moochers than you expect; they'll want to work, but it'll be doing things that our current society doesn't recognize as work, or work of value.It'll be things like philosophy, art, poetry, tinkering, etc, which actually make life better for people but are difficult to turn into a profitable business.
Yes regarding welfare and snap, but not regrading things like healthcare assistance programs.