Yeah I follow the opinion of the Acts of the Apostles as found in the Bible on this one. The question is what opinion are you following when you call the Biblical practice of having "all things in common" socailist?
An organization through which the {Latter Day} Saints in the early days of the restored Church sought to live the law of consecration. Individuals shared property, goods, and profits, receiving these things according to their wants and needs (D&C 51: 3; 78: 1-15; 104).
The bolded section sounds suspiciously like:....
"From each according to his ability, to each according to his need"
Maybe Karl Marx learned his ideas of Government from Joseph Smith, huh?