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Bernie Sanders: “In the last presidential election, Mr. Musk spent at least…”

Featuring: Bernie Sanders, Independent | U.S. Senate, Vermont

FULL SPEECH: Bernie Sanders Holds 'Billionaire Tax Now' Event In Los Angeles, California

Published February 19, 2026 | Video Starts at 12:57

As a result of the disastrous Citizens United Supreme Court decision, billionaires are able to spend as much money as they want on political campaigns through their super PACs. So just to give you an example of what power is about, In the last presidential election, Mr. Musk spent at least $290 million to elect Donald [Trump]. But it's not just Mr. Musk. The hundred richest people in our country, Republicans and Democrats, spent 2.6 billion on the 2024 election. (12:57–13:12)

CLAIM

Asserts that Elon Musk spent $290 million on Trump's election.

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.

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Bernie Sanders

“Today in America, the top 1% owns more wealth than the bottom 93%.”
FULL SPEECH: Bernie Sanders Holds 'Billionaire Tax Now' Event In Los Angeles, California | Uploaded February 19, 2026 | 05:38-05:47
“Mr. Musk, He is now worth $850 billion.”
FULL SPEECH: Bernie Sanders Holds 'Billionaire Tax Now' Event In Los Angeles, California | Uploaded February 19, 2026 | 05:54-06:06
“One man owns more wealth than the bottom 53% of American households.”
FULL SPEECH: Bernie Sanders Holds 'Billionaire Tax Now' Event In Los Angeles, California | Uploaded February 19, 2026 | 06:20-06:28
“The CEOs of large profitable corporations now make 350 times more than the average worker.”
FULL SPEECH: Bernie Sanders Holds 'Billionaire Tax Now' Event In Los Angeles, California | Uploaded February 19, 2026 | 06:47-06:58
“Last year alone, just one year after receiving the largest tax break in history, the 938 billionaires in America became $1.5 trillion…”
FULL SPEECH: Bernie Sanders Holds 'Billionaire Tax Now' Event In Los Angeles, California | Uploaded February 19, 2026 | 07:01-07:20
“There has been a $79 trillion transfer of wealth from the bottom 90% to the top 1% over the last 50 years.”
FULL SPEECH: Bernie Sanders Holds 'Billionaire Tax Now' Event In Los Angeles, California | Uploaded February 19, 2026 | 08:04-08:42
“The average American worker today is making almost $20 a week less than he or she did over 53 years ago after adjusting for inflation.”
FULL SPEECH: Bernie Sanders Holds 'Billionaire Tax Now' Event In Los Angeles, California | Uploaded February 19, 2026 | 08:46-08:59
“Four Wall Street firms, BlackRock, Vanguard, Fidelity, and State Street, are the major stockholders in 95% of our corporations.”
FULL SPEECH: Bernie Sanders Holds 'Billionaire Tax Now' Event In Los Angeles, California | Uploaded February 19, 2026 | 09:48-10:08
“The hundred richest people in our country spent 2.6 billion on the 2024 election.”
FULL SPEECH: Bernie Sanders Holds 'Billionaire Tax Now' Event In Los Angeles, California | Uploaded February 19, 2026 | 13:18-13:31
“Large corporations like Tesla and SpaceX [are] making billions of dollars in profit a year and paying nothing, zero, zilch in federal income…”
FULL SPEECH: Bernie Sanders Holds 'Billionaire Tax Now' Event In Los Angeles, California | Uploaded February 19, 2026 | 22:08-22:26
“Over 60% of our people are living paycheck to paycheck.”
FULL SPEECH: Bernie Sanders Holds 'Billionaire Tax Now' Event In Los Angeles, California | Uploaded February 19, 2026 | 01:47-01:54
“Never before in American history have we seen the outrageous level of income and wealth inequality we see today.”
FULL SPEECH: Bernie Sanders Holds 'Billionaire Tax Now' Event In Los Angeles, California | Uploaded February 19, 2026 | 02:55-03:05
“Billionaires [are] paying a lower tax rate than the average American worker.”
FULL SPEECH: Bernie Sanders Holds 'Billionaire Tax Now' Event In Los Angeles, California | Uploaded February 19, 2026 | 07:12-22:05
“Billionaires in America have more than doubled their wealth over the past six years.”
FULL SPEECH: Bernie Sanders Holds 'Billionaire Tax Now' Event In Los Angeles, California | Uploaded February 19, 2026 | 07:43-07:52
“The billionaire class determines what the American people see, hear, and read through their ownership of media.”
FULL SPEECH: Bernie Sanders Holds 'Billionaire Tax Now' Event In Los Angeles, California | Uploaded February 19, 2026 | 10:19-10:34
“Mark Zuckerberg [is] the wealthiest man in California and the fourth wealthiest person in the world, worth $226 billion.”
FULL SPEECH: Bernie Sanders Holds 'Billionaire Tax Now' Event In Los Angeles, California | Uploaded February 19, 2026 | 11:11-23:43
“Mark Zuckerberg [bought] three yachts worth $530 million.”
FULL SPEECH: Bernie Sanders Holds 'Billionaire Tax Now' Event In Los Angeles, California | Uploaded February 19, 2026 | 11:11-23:57
“Mark Zuckerberg [bought] 11 homes in Palo Alto to make a family compound.”
FULL SPEECH: Bernie Sanders Holds 'Billionaire Tax Now' Event In Los Angeles, California | Uploaded February 19, 2026 | 11:11-24:06
“Larry Ellison [is] the second wealthiest person in California. He is worth $213 billion.”
FULL SPEECH: Bernie Sanders Holds 'Billionaire Tax Now' Event In Los Angeles, California | Uploaded February 19, 2026 | 11:18-24:31
“Larry Ellison [bought] five private jets along with several jet fighter jets he uses for recreational purposes.”
FULL SPEECH: Bernie Sanders Holds 'Billionaire Tax Now' Event In Los Angeles, California | Uploaded February 19, 2026 | 11:18-24:47
“As a result of the Citizens United Supreme Court decision, billionaires can spend as much money as they want on political campaigns through…”
FULL SPEECH: Bernie Sanders Holds 'Billionaire Tax Now' Event In Los Angeles, California | Uploaded February 19, 2026 | 12:30-12:50
“Big tech oligarchs in Silicon Valley have pledged to spend at least 200 million on a super PAC sympathetic to the AI and robotics…”
FULL SPEECH: Bernie Sanders Holds 'Billionaire Tax Now' Event In Los Angeles, California | Uploaded February 19, 2026 | 13:45-13:55
“AI and robotics can throw millions of workers out on the street.”
FULL SPEECH: Bernie Sanders Holds 'Billionaire Tax Now' Event In Los Angeles, California | Uploaded February 19, 2026 | 14:02-14:09
“The billionaire class no longer sees itself as part of American society.”
FULL SPEECH: Bernie Sanders Holds 'Billionaire Tax Now' Event In Los Angeles, California | Uploaded February 19, 2026 | 16:34-16:42
“Billionaires have created huge businesses with revolutionary technologies like AI and robotics.”
FULL SPEECH: Bernie Sanders Holds 'Billionaire Tax Now' Event In Los Angeles, California | Uploaded February 19, 2026 | 17:17-17:33
“Billionaires are going to learn that we are still living in a democratic society where the people have some power.”
FULL SPEECH: Bernie Sanders Holds 'Billionaire Tax Now' Event In Los Angeles, California | Uploaded February 19, 2026 | 18:33-18:41
“Billionaires are raising a lot of money from their very rich friends and they're going to be spending a lot of money on TV Ads.”
FULL SPEECH: Bernie Sanders Holds 'Billionaire Tax Now' Event In Los Angeles, California | Uploaded February 19, 2026 | 18:54-19:04
“The richest people on earth who are becoming much richer should pay a little bit more in taxes so that children can have health care.”
FULL SPEECH: Bernie Sanders Holds 'Billionaire Tax Now' Event In Los Angeles, California | Uploaded February 19, 2026 | 20:23-20:31
“Sergey Brin, the co-founder of Google, [is] spending $20 million to defeat this tax on billionaires.”
FULL SPEECH: Bernie Sanders Holds 'Billionaire Tax Now' Event In Los Angeles, California | Uploaded February 19, 2026 | 22:31-22:45
“Sergey Brin [is] worth $245 billion.”
FULL SPEECH: Bernie Sanders Holds 'Billionaire Tax Now' Event In Los Angeles, California | Uploaded February 19, 2026 | 22:35-22:55
“Since Trump was elected, [Sergey Brin has] become over $100 billion richer.”
FULL SPEECH: Bernie Sanders Holds 'Billionaire Tax Now' Event In Los Angeles, California | Uploaded February 19, 2026 | 22:55-23:05
“15 million people [are] thrown off of health care, Medicaid, and the Affordable Care Act in order to provide a trillion dollars in tax…”
FULL SPEECH: Bernie Sanders Holds 'Billionaire Tax Now' Event In Los Angeles, California | Uploaded February 19, 2026 | 25:04-25:19