No, value is created by labor. Like in any system.
Look, I really don’t mind discussing things with you, and I don’t mind teaching you. But, you really need to read what socialism actually is and what it looks like. It would help both of us jump ahead to the more philosophical and theoreticals of socialism.
There is not going to be a “Gotchya” moment where you have surprised me on something I have not studied before or thought about. Well, maybe on the thought about…but seeing how you are just starting out on socialism, that’s a ways out from happening.

No, that is not correct. Seriously, just read about socialism. Watch some Richard Wolff videos, please do something other than the sound bites.