Socialism was already tried in America -- read this account about the original pilgrims:
In 1609 the Pilgrims fled the restrictive environment of the Church of England and moved to Holland in order to freely practice their religious convictions. On August 1, 1620 , 40 of them set sail on the Mayflower with 62 others. They were under the leadership of William Bradford. Before setting up the community of Plymouth , Massachusetts , they composed one of the great documents in human history, the Mayflower Compact. It guaranteed just and equal laws to govern all residents of the community, regardless of their religious convictions. The concepts contained in the Compact were all based on Biblical reasoning.
The funding for the Pilgrims to go to the New World was provided under a contract with London merchants who wanted an economic profit from the venture. Under that contract whatever they produced was to be put into a common warehouse, with each one getting one equal share. All the land, buildings and end product were communally owned.
Half of the Pilgrims died during the first winter, including Branford's wife. As governor, Bradford realized that collectivism had been a costly and destructive mistake. Bradford and others realized that socialism gave no incentive to the most creative and industrious among them to work any harder than anyone else. Collectivism had prevented the exercise of personal motivation.