This boy's karaoke song in a mall caught everyone's attention––including Sam Smith and Kelly Clarkson.
PepperLM: The younger group also has these same benefits on the same timeline as the older adults, under the same long term pay in over decades then get the benefits rules - for Medicare and Social Security. What is ALSO being proposed by Sanders is a very large expansion of benefits, that Sanders is proposing should be paid by “someone else”. Examples are student loan layoffs and “free to the student” college tuition, that were NIT available to the older population- but, under Sanders proposals- will be paid for by the older population. In addition, in regard to Medicare, Sanders is ALSO proposing expanding the scale of the program to include more services; but also have it apply now to the younger population in addition to the older population. The older populatalready paid for their predecessors to receive Medicare, but due to a lifetime of saving—are now the “rich” that Sanders expects to also pay for the younger population. It’s interesting that the other tax increases proposed by Sanders will also impact the stock market and corporate profits, which will further penalize the older population who did save and retire—but it will also impact CURRENT state and local government workers’ pension plan portfolios. There are 21 million state and local government workers covered by state and local government pension plans that receive 69% of their portfolio income from the stock market. If the stock market returns drop, these pension funds will need to increase state and local taxes to make up the loss. Currently the vast majority of the state and local pensions are significantly underfunded. While there are a small number that are consistently funded (state of Wisconsin is a good example), most are in trouble already (Illinois and City if Chicagi typically rank at or near the bottom).