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I like some of the goals of it (like evening out the economical inequalities), but I don’t think socialism is the right way to do it. Democratic welfare state systems found in Western European countries are much better solutions (and hasn’t turned into authoritarian tyrannies).
UBI might also be a good option, but currently there have been no large scale implementation of it yet.
You cannot even out the real inequalities without demolishing the capitalist class, pretty much by definition. If you want to make everyone equal part of the capitalist class, that is pretty much socialism by definition.
Absent rhat happening, you still can improve the situation quite a lot with strong, well enforced regulations on their activities.
Employment laws are usually a good place to start.