Socialism is where they tax the living hell out of you but then in return provide for you basic necessities such as healthcare, public transportation, welfare, etc. I personally do not trust the government to run these things for me and would prefer that I control my own destiny and be able to make my own choices about healthplans, etc.
Really now just go ahead and admit that you're a Republican and you don't believe in the government doing such things, and leave it at that.
Which is why I have no problems admitting to Mike's statement above.