Final answer:
Socialism aims to alleviate poverty and create a more equitable society by redistributing wealth through government-provided services and higher taxation on the wealthy.
Step-by-step explanation:
Proponents of socialism see it as a way to alleviate poverty and create an equitable society with better benefits. Socialism advocates for the government to play a crucial role in ensuring social and economic equality by providing expanded services such as healthcare, education, and subsidized housing.
It operates on the principle that citizens with more wealth should contribute more through taxes to support public services, leading to higher minimum wages and more substantial government involvement in economic redistribution compared to non-socialist countries.
While some forms of socialism allow for private property, the focus is often on communal ownership or state control over major resources and production means to ensure a fair distribution of wealth and opportunities for all members of society.