answer:Not quite. Socialism is the idea that some or all of economic production is the good of the society at large and should be done for the benefit of society. There really is no consensus as to how distribution should occur. For example, under communism, Marx put it as “From each according to his ability, to each according to his need.” That is to say, you put in your best effort to contribute and take out what you need. This is one way of doing it. Another way would be through the example that you cited: complete equal redistribution of wealth. Yet, another way would be to take only 10% of someone’s income and distribute that out accordingly. Note: this answer took up a lot more time than it appears. My head hurts.