No, it is not time to try to revive the desiccated corpse of socialism once again for the I-do-not-know-how-manyeth-time. Pick up some history books, real ones that is, not Howard Zinn and read where that path takes you. Redistribution does not work when there isn't anyone left to pluck which tends to be the outcome of that pipe dream.

Capitalism, warts and all is still the best way to lift people out of poverty. You may not like the fact that some people have way more than others (and objectively speaking way more than they need) but the people who saw and see their income lift above the poverty line would not like to see it go down again once the next "people's party" gets to power.