In truth, American retirees are getting a great deal as it stands. The health care they receive, for example, costs a lot more than what they paid into the system when they were working. An honest discussion about expanding entitlements would recognize that such a change would require higher taxes not just on the super-rich, but on almost all working Americans, of today and tomorrow. If Sanders wants to bring more Scandinavian-style social democracy to the U.S., he should be straightforward about that.
This column provided by Bloomberg View.