This is about spot on.
There's a lot of good instinct in libertarianism, but for some super weird reason the only people you see arguing for it are people who aren't poor and trapped at the bottom of the socioeconomic ladder.
Our country is currently a lot of socialism for the rich and powerful, and a lot of rugged individualist capitalist for the poor and helpless. If we flipped that around some, where there's a good and helpful safety net paired with tools for success and growth at the bottom, then yeah, let's libertarianism the hell out of the top.