As you stated, socialism just makes things worse. It's a fallacy that socialism takes money from the rich, and spread it equally to the people. They just give it to themselves because now they are the new rich in disguise.

Socialism makes poor people poorer. That's the usual strategy to make them more dependable to the state. That's how the government control the citizens.

Also, socialism nurtures ignorance and encourages idleness. It slices productivity and support criminal acts. They don't strive for progress. Incompetence and corruption are in order.

And sometimes, it can become into something more atrocious just like what's happening now in Venezuela, where the social state has become into a criminal one.