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Bernie Sanders: “Large corporations like Tesla and SpaceX making billions of…”

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

Billionaire Tax Now (A Special Rebroadcast at 8PM ET)

Published February 24, 2026 | Video Starts at 25:23

For Mr. Ellison, one private jet is just not good enough. So he bought five private jets along with several fighter jets he uses for recreational purposes. And … Large corporations like Tesla and SpaceX making billions of dollars in profit a year and paying nothing, zero, zilch in federal income tax. … people thrown off of health care, Medicaid, and the Affordable Care act in order to provide a trillion dollars in tax breaks for these very same billionaires. (25:23–25:33)

CLAIM

Asserts that large corporations like Tesla and SpaceX pay no federal income tax despite making billions in profit.

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%.”
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“One man owns more wealth than the bottom 53%.”
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“CEOs of large profitable corporations now make 350 times more than the average worker.”
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“There has been a $79 trillion transfer of wealth from the bottom 90% to the top 1% [over the last 50 years].”
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“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.”
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“Four Wall Street firms, BlackRock, Vanguard, Fidelity, and State Street, are the major stockholders in 95% of our corporations.”
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“In the last presidential election, Mr. Musk, the wealthiest man on Earth, spent at least $290 million to elect Donald Trump.”
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“The hundred richest people in our country, Republicans and Democrats, spent 2.6 billion on the 2024 election.”
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“The 938 billionaires in America became $1.5 trillion richer [after receiving the largest tax break in history].”
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“Over the past six years, billionaires in America have more than doubled their wealth.”
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“The billionaire class, to an unprecedented degree, determines what the American people see, hear and read through their ownership of media.”
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“As a result of the disastrous Citizens United Supreme Court decision, billionaires are able to spend as much money as they want on political…”
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“AI and robotics can throw millions of workers out on the street.”
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“Billionaires is extraordinarily dangerous to the future of the working class of this country.”
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“The billionaire class no longer sees itself as part of American society.”
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“They're raising a lot of money from their very rich friends, and they're going to be spending a lot of money on TV ads.”
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“If you think it's more important that children get health care than we get massive tax breaks, we are going to punish you.”
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“Mamdani wins. We're all fleeing New York. They didn't.”
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“The Fighting Oligarchy tour, which has brought out over 300,000 people throughout America.”
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“Sergey Brin, the co-founder of Google, is spending $20 million to defeat this tax on billionaires.”
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“Sergey Brin... is worth $245 billion. Since Trump was elected, you have become over $100 billion richer.”
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“Mark Zuckerberg is the wealthiest man in California and the fourth wealthiest person in the world, worth 226 billion.”
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“Larry Ellison is the second wealthiest person in California. He is worth $213 billion.”
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“Billionaires paying a lower tax rate than the average American worker.”
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“15 million people thrown off of health care, Medicaid, and the Affordable Care act in order to provide a trillion dollars in tax breaks for…”
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