Socialism is not a fancy term for hanging out with your friends. It's government sanctioned theft.
The government cannot produce anything. It can only take from those who produce and give to those who do not.
Once the government has consumed all of the producer's resources, it will starve and collapse. Nobody wins.
Socialism sounds great on paper...until you run out of other people's money!
For a great article on this subject, read Michael Reagan's "Got A Problem? Just Spend More Money You Don't Have"