Socialist rhetoric changes very little over time. It turns out to be rather easy to juxtapose refutations from decades ago against the blather you hear on the news today.
As with economics generally, the fallacies of collectivist statism must be refuted in every generation. So here we have video of Milton Friedman dealing with the fallacies of Bernie Sanders.
For your convenience for sharing, here are other versions of the video.
EDITORS NOTE: The below graphic summarizes socialism by one of its primary proponents.