Now I want to take a moment, allow me to take a moment just to give you an example, one example of what the massive level of income and wealth inequality in America is about. Stay with me. If that 5% tax on less fewer than a thousand billionaires were to go into effect tomorrow, it would mean that every man, woman and child in America living in a household of less than $150,000... would get a $3,000 check. If we pass that tax, it would tackle the housing crisis by providing the resources necessary to build 7 million units of low income and affordable housing. (31:58–32:25)
CLAIM
Asserts that a 5% tax on billionaires would provide $3,000 to most Americans.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
