This sounds a like an argument that social programs are extortion, which everyone should support. I don't think that's a good argument to make in favor of any government program.
Is eating healthy and exercising extortion? Is investing in education to get a better job extortion? Is saving money to take advantage of compound interest extortion? No, it's all just long-term decision making.
For some reason, being on the winning side of capitalism seems to inoculate people against ideas of socioeconomic justice
I think the point is that human behavior at scale is not really that different from natural disasters. Not protecting against poverty in your surroundings would be comparable to building in a flood zone. Fixing that problem is not extortion anymore than building dams is paying protection money to the sea - there's no poor people shouting "cover my basic needs or else", but we know enough about our own race to know the issues that emerge with poverty.