I have heard so many variants of this as explanations of why 'socialism' doesn't work (all from Americans). It's as though they are taught it this way.
@MarkHoltom I find this odd too. Granted , I am of the opinion that it can be abused by the “higher authority” type of people, but on its basis it is not what all these “Cold War” story tellers go on about, and we need more of it than this “feudal system” of rich over poor.