Socialism, first, is the wrong word - the state is not owning the assets. And welfare for the rich and for the poor are two very different things The rich wil

Socialism, first, is the wrong word - the state is not owning the assets. And welfare for the rich and for the poor are two very different things The rich will still be just fine after their assets crash with or without welfare for the rich, although they may lose some power - all this socialism is about assets far above any reasonable survival line - it's all about disposable income and assets. Socialism for all is ensuring everyone has basic needs to function in a modern society - food, housing, healthcare, education. Above that line of basic functioning and nondisposable income, it should be up to the individual.