Serving staff of Reddit, do you like the tipping system?

I'm not asking whether you like tips, of course you like tips. It's money.

I'm asking whether you like the tipping system.

I can understand why customers like the tipping system - it places a lot of power in their hands. Don't feel like paying a lot for service today? Only pay a little! The wait staff don't have any legal means to coerce you.

I can understand why employers like the tipping system - it effectively absolves them of the responsibility of paying a living wage. If customers rip off the wait-staff, the employer can just shrug and go "tough luck". The restaurant makes its money in any case.
And a tipping system might even pull in more customers, since they enjoy the aforementioned feeling of power.

But what do employees, waiters and waitresses, think about the tipping system?

If you are for it, are you not in essence supporting the customer's right to rip you off?

I've heard it defended by people saying that good wait-staff can make lots of money from tips. Is this really true? Or is this something told to make a shitty job bearable, supported by an anecdote of that one guy that tipped you $20 for a sandwich?

What does a good waiter or waitress make in a tipping country, compared to a non-tipping country?