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Bernie Sanders: “Mr. Musk [is] owning more wealth, for example, than the…”

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

LIVE with the Godfather of AI

Published November 19, 2025 | Video Starts at 09:12

We are living in a moment in American history where we have more income and wealth inequality than we've ever had. You got one guy, Mr. Musk [is] owning more wealth, for example, than the bottom 52% of American households. You have more concentration of ownership than we've ever had. What does it mean? These guys are not dummies. (09:12–31:36)

CLAIM

Asserts that Elon Musk's wealth exceeds that of the bottom 52% of American households.

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

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“We're the only major country not to guarantee health care to all people, but we're spending twice as much per capita as other countries.”
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“60% of American people living paycheck to paycheck.”
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“We give a trillion dollars in tax breaks to the 1%.”
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“We spend a trillion dollars on the military.”
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“Musk, for example, contributed $270 million to make Trump the president.”
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“AI and robotics are going to have a very profound transformative impact on our country and the entire world.”
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“We are not hearing the kind of discussion we need in Congress, in the media and within American society about what this consequential change…”
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“Some of the very wealthiest people in the world, Elon Musk, Jeff Bezos, Mark Zuckerberg, Larry Ellison, other multi, multi billionaires, are…”
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“Mr. Musk said last month that AI and robots will replace all jobs. Working will be optional.”
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“Bill Gates, also involved in AI, predicted that humans, quote, won't be needed for most things, end quote.”
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“Dario Amodai, the CEO of Anthropic, warned that AI could lead to the loss of half of all entry level white collar jobs.”
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“There are a whole lot of people, especially younger people, who are now relying on AI for companionship.”
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“Teachers, maybe here at Georgetown as well, worry that students are using AI rather than doing the critical thinking they need.”
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“It is quite likely...nations around the world will use some of these robots for military purposes.”
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“AI being more intelligent than human beings and essentially discarding human being control.”
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“Given the fact we have discussed the possibility of massive economic dislocation.”
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“We've talked about AI perhaps radically transforming issues of war and peace and foreign policy.”
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“We are living in a moment in American history where we have more income and wealth inequality than we've ever had.”
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“You have more concentration of ownership than we've ever had.”
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“If they are investing many, many hundreds of billions of dollars in these technologies, yes, I think we can assume they're doing it for the…”
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“Communities all over the country are rejecting these data centers for a couple of reasons.”
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“Their electric bills are going to soar, and communities in rural areas are saying, why am I paying an increase in my electricity bill in…”
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“It's not just enormous consumption of electricity, it's also consuming a great deal of water.”
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“Governors in Virginia, for example. I think it was an issue in the campaign. We got to do something about rising electric rates because of…”
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“AI and robotics is going to just exacerbate [global] inequality.”
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“The function of insurance companies is not to provide health care. It is to make a lot of money.”
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“Drug companies make an enormous amount of money.”
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“Some of the large unions like the UAW negotiating with the car companies and saying, you know what, our productivity is going up. We want a…”
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“Needless to say, the companies were not sympathetic.”
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“The people who are pushing this transformative revolution are the richest people in the world. They are not staying up nights worrying about…”
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“When Wall street went under, they knew what they were doing. They knew that they were investing in fraudulent mortgages, et cetera.”
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“They went to the government and said, yeah, we made huge amounts of money. We were crooks, we were dishonest. Bail us out.”
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“We have a child care system which is basically dysfunctional.”
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“We have people who are working with those kids who make less than a McDonald's worker.”
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“We do very poorly compared to other countries around the world [on international exams in reading, science, and math].”
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“We are having a very difficult time for good reason. Attracting the best and the brightest to go into public schools.”
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“The cost of higher education is outrageously high.”
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“Many of you are going to be graduating with tens and tens of thousands of debt.”
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“Make our major public colleges and universities tuition free, that's considered to be radical.”
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“Education could be free from childcare to graduate school.”
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“We could have universal health care.”
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“We could lead the world in transforming our energy system.”
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“We could build the units of affordable and low income housing that we need.”
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