Who had stopped the Boomers when they looted the later generations with their oversized entitlement? The later generations are just trying to get things back to order. There ain't no free lunch.
Looted? If you want to argue from a position of fiscal soundness you will have to do much better than suggest Canada adopt the US approach to health care, which provides less coverage at significantly higher rates. Or advocate the intentional debasement of a currency as measure of fiscal sanity. Your proposal leaves the poor much worse off and the rich paying considerably more for health care. The difference in costs buys a lot of lunch.