Fletch I know you aren't saying you personally believe that passage to be true, but I fail to recognize that socialist part of it. That passage refers to David's prophecy announcing Jesus. Could you be referring to Acts 2:42-47? I believe the Church of Scientologists interpret that passage for similar reasons that socialists do.
IBTL
Must have mistyped, sorry about that. Yes, the one I mean is Acts 2:42-47:
42They devoted themselves to the apostles' teaching and to the fellowship, to the breaking of bread and to prayer. 43Everyone was filled with awe, and many wonders and miraculous signs were done by the apostles. 44All the believers were together and had everything in common. 45Selling their possessions and goods, they gave to anyone as he had need. 46Every day they continued to meet together in the temple courts. They broke bread in their homes and ate together with glad and sincere hearts, 47praising God and enjoying the favor of all the people. And the Lord added to their number daily those who were being saved.
"From each according to his ability, to each according to his need." -- Karl Marx