Bringing everyone down at the same poverty is not socialism, that is communism. Or even worse, state-capitalism. That is worse. In the USSR and the old eastern-European countries there was no communism, but state-capitalism. The people were kept poor, but the government was rich. Just think about Cheaucescu.
Socialism is about bringing everyone down to the same poverty and depression level. I have never myself seen a happy or content socialist - they are always have something to criticize and get angry about and they provide no solutions to any of the problems they see - those are the ppl we see at protests.