Categorically untrue. The one percent have had their taxes cut enormously, and their share of the national income has doubled since the 80's, meanwhile all sorts of welfare programs and boons like almost-free college education have been slashed. Unions were attacked and are now almost non-existent. The minimum wage has been allowed to stagnate for so long that it's now meaningless. Jobs were shipped overseas where labor was cheaper leaving a vast rust belt. And it's the political donations and patronage, usually made discreetly, of the ultra wealthy that has allowed this to happen.

The ultra-wealthy have controlled the country for longer than you have been alive, so if they'd wanted socialism, you'd be living in it. The ultra-wealthy also paid Glenn Beck to convince Americans that there was a conspiracy amongst the ultra-wealthy to oppress the ultra-wealthy, so the best way to stick it to the ultra-wealthy was to remove all limits on the activities of the ultra-wealthy.