From WSJopinion: Politicians promising that Medicare for All and a Green New Deal can be financed by the rich are lying to you. The middle class will pay because that’s where the real money is.
Democratic presidential candidates insist that America could afford a European-style welfare state if only it taxed the rich more heavily. Europe’s beleaguered middle class knows better.
Most European nations have larger welfare and entitlement states than the U.S., though they spend less on defense. According to the Organization for Economic Cooperation and Development, government spending as a share of GDP ranges from about 56% in France to 44% in Germany and 41% in Britain.
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