That's one rough interpretation which, just like the rest of the other interpretations of socialism, is highly debatable. Taxation, for example, has some socialist underpinnings. It could also be interpreted the way you interpret socialism even if it is implemented in a highly capitalist society. For others taking somewhat extreme positions, they would also consider taxation as a kind of stealing. And taxation is applied everywhere.
The Biden administration's American Families Plan, for example, is seeking to impose heavier taxes on the wealthy. Those rich people who are earning more than a million USD a year, for instance, might see their capital gains tax rising to almost double the rate.
Would you, therefore, consider the USA as a socialist country more than a capitalist one?
USA is considered as one of the best examples of capitalist economies. They became the largest economy in the world, solely because of the capitalist system. Back in the 20th century, the USSR had more natural resources when compared to the USA, but their economy failed because they followed the socialist system. But the trend nowadays is to move towards a more populist system of governance. It requires more and more government handouts and rewarding the unproductive population. The funds required for this obviously need to come from the taxes. As per the
American Families Plan, the tax rate on capital gains may increase to more than 50% for certain states such as Oregon, California and New York. If that is the case, then why the rich should invest in capital assets? They will just keep their money in the liquid form rather than taking the risk.