It's accurate.
As I've went through life, I have found the people living in America who call themselves 'Socialists' or 'Communists', are individuals who are failures.
They have failed to realize the potential of living in America and enjoying the successes that can come from the system that has lifted up more lives than any nation in history.
It then becomes a trait of immature human nature to strike out at what you've failed at. If you can destroy what you've failed at, then in your mind you have mastered it.