These things aren't in opposition. You can have a safety net that guarantees some basic human comfort and a system where merit is rewarded. In fact, safety nets actively improve the ability of people with merit to rise by decreasing the consequences for those who try and fail.
Our current system has neither meritocracy nor a safety net ensuring a floor on how far people can fall. A good system would have both, and they'd each reinforce one another.
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We have something. We don't have a safety net that assures that every American can access food and shelter.
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