2030 to one. And now it is 300 to one. As a result of the power of the very wealthy and their numerous lobbyists in Washington DC, Billionaires today pay an effective tax rate that is lower than many of you pay. Large corporations making billions of dollars in profits sometimes pay nothing in taxes or relatively small amounts. So you got massive income and wealth inequality, you got lobbyists representing corporations all over Washington, DC, rigging our tax system. (31:05–31:13)
CLAIM
Asserts that billionaires have a lower effective tax rate than many average citizens.
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