The trouble with socialism, though, is that any implementation of it strips away meaning in the process of trying to help people.
Meaning comes from a person feeling responsibility for what they do. That responsibility requires exposure to risk if they don't act.
Almost any policy created to help people without a well-guarded limit will quickly become paternalism and, consequently, strip away meaning.
Who said we're in late stage capitalism? If you ask the libertarians, we've been out of any sincere capitalism since WWII.