I’m not capable of listing every quality of such a society. But I do know one prerequisite:

Each individual must, all things being equal, believe it is a duty, privilege, and/or virtue to produce more than he/she consumes.

Is there any chance at all that such a society can continue to exist under the rule of a welfare state?  When politicians forcefully take from some and give to others (in the hopes of their continued support in voting and propaganda) what kind of society is formed?

Not the kind that will actually support the needy.