Socialism is just the latest buzz word for the angry mob to vent at, like "Islamofascist" a few years back when the Middle Eastern Imperialism Wars began. None of these people opposed to it knows exactly what it is, but that doesn't stop them from rehashing the same old stupid talking points, like government healthcare death squads for instance.
Give it a few years and there will be a new catchphrase. By that time there will be new politicians in power and the people will be getting the royal butt screwing as normal.