The welfare systems of most (if not all) Western countries are inspired by this viewpoint, but take fundamentally different trade-offs. They do not action the viewpoint itself - the viewpoint clearly is not an actionable policy. It is also not a conservative viewpoint. I bet if you would ask people from both sides the majority will agree to some extent with the viewpoint.

The devil is in the details. I could take this viewpoint and take several trade-offs on the implementation which would result in either extremely left-wing or extremely right-wing policies.