Let's compare that to what the Bible says.
In the days of the Apostles, the first (and perhaps last) true Christians apparently were socialists (or perhaps communists):
And the multitude of them that believed were of one heart and of one soul: neither said any of them that ought of the things which he possessed was his own; but they had all things common.
Acts 4:32 KJV
Those who hoarded any private property from the rest of the group were put to death:
But a certain man named Ananias, with Sapphira his wife, sold a possession,
And kept back part of the price, his wife also being privy to it, and brought a certain part, and laid it at the apostles' feet.
But Peter said, Ananias, why hath Satan filled thine heart to lie to the Holy Ghost, and to keep back part of the price of the land?
Whiles it remained, was it not thine own? and after it was sold, was it not in thine own power? why hast thou conceived this thing in thine heart? thou hast not lied unto men, but unto God.
And Ananias hearing these words fell down, and gave up the ghost: and great fear came on all them that heard these things.
And the young men arose, wound him up, and carried him out, and buried him.
And it was about the space of three hours after, when his wife, not knowing what was done, came in.
And Peter answered unto her, Tell me whether ye sold the land for so much? And she said, Yea, for so much.
Then Peter said unto her, How is it that ye have agreed together to tempt the Spirit of the Lord? behold, the feet of them which have buried thy husband are at the door, and shall carry thee out.
Then fell she down straightway at his feet, and yielded up the ghost: and the young men came in, and found her dead, and, carrying her forth, buried her by her husband.
Acts 5:1-10 KJV
This brings up an interesting question - why are the so-called Christians in the US complaining about giving the fruits of their labor to others when apparently that is exactly what Jesus wants them to do?
Don't you believe Him? Don't you trust Him? Do you think He was joking when He said the following?
Lay not up for yourselves treasures upon earth, where moth and rust doth corrupt, and where thieves break through and steal:
But lay up for yourselves treasures in heaven, where neither moth nor rust doth corrupt, and where thieves do not break through nor steal:
For where your treasure is, there will your heart be also.
Matthew 6:19-21 KJV
By the way, all the arguments I have ever heard why we shouldn't be doing what Jesus told us to do fall into the category "the commandments of men".