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Bernie Sanders: “Mr. Musk, the wealthiest man alive, now owns more wealth…”

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

FULL SPEECH: Bernie Sanders in Minnesota: "They have the money, but we have the people"

Published May 11, 2026 | Video Starts at 02:37

The Carnegie's and the Rockefellers and all those guys. Nothing, nothing compared to where we are today. Today, the top 1% in America owns more wealth than the bottom 93%. One man, Mr. Musk, the wealthiest man alive, now owns more wealth than the bottom 53% of American households. All right, all right. One man more wealth than the bottom 53% of American households. The CEOs of large, profitable corporations now make 350 times what their workers earn. (02:37–05:24)

CLAIM

Asserts Elon Musk owns more wealth than the bottom 53% 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

“Mr. Musk spent $290 million to help elect Trump president.”
FULL SPEECH: Bernie Sanders in Minnesota: "They have the money, but we have the people" | Uploaded May 11, 2026 | 02:37-10:24
“Mr. Bezos...is putting together a fund of $100 billion in order to automate factories.”
FULL SPEECH: Bernie Sanders in Minnesota: "They have the money, but we have the people" | Uploaded May 11, 2026 | 02:37-26:18
“Today, the top 1% in America owns more wealth than the bottom 93%.”
FULL SPEECH: Bernie Sanders in Minnesota: "They have the money, but we have the people" | Uploaded May 11, 2026 | 04:58-05:07
“The CEOs of large, profitable corporations now make 350 times what their workers earn.”
FULL SPEECH: Bernie Sanders in Minnesota: "They have the money, but we have the people" | Uploaded May 11, 2026 | 05:33-05:44
“According to the Rand Corporation, $79 trillion in wealth has been redistributed from the bottom 90% to the top 1%.”
FULL SPEECH: Bernie Sanders in Minnesota: "They have the money, but we have the people" | Uploaded May 11, 2026 | 06:22-06:36
“Four Wall street firms, BlackRock, Vanguard, Fidelity, and State street combined are now the major stockholders in more than 95% of our…”
FULL SPEECH: Bernie Sanders in Minnesota: "They have the money, but we have the people" | Uploaded May 11, 2026 | 07:18-07:30
“Six large media conglomerates now control about 90% of what the American people see, hear and read.”
FULL SPEECH: Bernie Sanders in Minnesota: "They have the money, but we have the people" | Uploaded May 11, 2026 | 07:48-08:00
“The richest 100 people in our country spent 2.6 million billion on the last election.”
FULL SPEECH: Bernie Sanders in Minnesota: "They have the money, but we have the people" | Uploaded May 11, 2026 | 10:25-10:35
“United States is in 35th place out of 36 major countries in terms of childhood poverty.”
FULL SPEECH: Bernie Sanders in Minnesota: "They have the money, but we have the people" | Uploaded May 11, 2026 | 14:27-14:38
“Older Americans living in poverty die nearly nine years earlier than their wealthier peers.”
FULL SPEECH: Bernie Sanders in Minnesota: "They have the money, but we have the people" | Uploaded May 11, 2026 | 16:12-16:22
“France spends about half as much per capita as we do on healthcare.”
FULL SPEECH: Bernie Sanders in Minnesota: "They have the money, but we have the people" | Uploaded May 11, 2026 | 38:52-38:55
“Minnesota's grassroots resistance to the illegal, unconstitutional and brutal actions of ICE inspired the entire nation.”
FULL SPEECH: Bernie Sanders in Minnesota: "They have the money, but we have the people" | Uploaded May 11, 2026 | 02:09-02:21
“If we do not allow Trump and his friends to do what demagogues always do.”
FULL SPEECH: Bernie Sanders in Minnesota: "They have the money, but we have the people" | Uploaded May 11, 2026 | 02:31-02:37
“Never before in American history have so few people held so much wealth and even more importantly, held so much power.”
FULL SPEECH: Bernie Sanders in Minnesota: "They have the money, but we have the people" | Uploaded May 11, 2026 | 04:18-04:32
“Today in America, we have more income and wealth inequality than we've ever had in the history of our country.”
FULL SPEECH: Bernie Sanders in Minnesota: "They have the money, but we have the people" | Uploaded May 11, 2026 | 04:38-04:47
“Fewer than 1,000 billionaires became one and a half trillion dollars richer.”
FULL SPEECH: Bernie Sanders in Minnesota: "They have the money, but we have the people" | Uploaded May 11, 2026 | 05:59-06:06
“Over the last six years, billionaires in America have more than doubled their wealth.”
FULL SPEECH: Bernie Sanders in Minnesota: "They have the money, but we have the people" | Uploaded May 11, 2026 | 06:10-06:18
“Today we have more concentration of ownership in our economy than ever before.”
FULL SPEECH: Bernie Sanders in Minnesota: "They have the money, but we have the people" | Uploaded May 11, 2026 | 06:47-06:54
“The American people...do not believe that it is a very good idea for the United States taxpayers to be funding the military of a country…”
FULL SPEECH: Bernie Sanders in Minnesota: "They have the money, but we have the people" | Uploaded May 11, 2026 | 07:57-23:33
“In America today, the billionaire class is hell bent on owning our political system as well.”
FULL SPEECH: Bernie Sanders in Minnesota: "They have the money, but we have the people" | Uploaded May 11, 2026 | 09:43-09:52
“As a result of the disastrous Citizens United Supreme Court decision, billionaires, as you know, are now legally able to spend as much money…”
FULL SPEECH: Bernie Sanders in Minnesota: "They have the money, but we have the people" | Uploaded May 11, 2026 | 09:53-10:12
“Today In America, some 60% of our people are living paycheck to paycheck.”
FULL SPEECH: Bernie Sanders in Minnesota: "They have the money, but we have the people" | Uploaded May 11, 2026 | 12:19-12:30
“Over 60% of the people in this country are struggling every day in terms of taking care of the basic necessities of life.”
FULL SPEECH: Bernie Sanders in Minnesota: "They have the money, but we have the people" | Uploaded May 11, 2026 | 12:19-12:30
“When we passed the American Rescue Plan and provided working class and low-income families with a child tax credit, we cut childhood poverty…”
FULL SPEECH: Bernie Sanders in Minnesota: "They have the money, but we have the people" | Uploaded May 11, 2026 | 14:52-15:09
“When Trump came to office and we were not able to maintain that policy, childhood poverty soared.”
FULL SPEECH: Bernie Sanders in Minnesota: "They have the money, but we have the people" | Uploaded May 11, 2026 | 15:18-15:28
“Roughly one in three older adults, people over 65, are economically insecure with incomes below 200% of the federal poverty rate.”
FULL SPEECH: Bernie Sanders in Minnesota: "They have the money, but we have the people" | Uploaded May 11, 2026 | 15:51-16:01
“Some 20% of our seniors in this country are trying to make it on $15,000 or less.”
FULL SPEECH: Bernie Sanders in Minnesota: "They have the money, but we have the people" | Uploaded May 11, 2026 | 16:40-16:45
“The younger generation will have a lower standard of living than their parents.”
FULL SPEECH: Bernie Sanders in Minnesota: "They have the money, but we have the people" | Uploaded May 11, 2026 | 17:57-18:03
“Real inflation accounted for wages have gone down in many respects over that period.”
FULL SPEECH: Bernie Sanders in Minnesota: "They have the money, but we have the people" | Uploaded May 11, 2026 | 18:48-18:56
“Almost all of the new income that resulted from increased technology and worker productivity has gone to the top 1%.”
FULL SPEECH: Bernie Sanders in Minnesota: "They have the money, but we have the people" | Uploaded May 11, 2026 | 18:55-19:18
“Trump has provided a trillion dollars in tax breaks to the top 1% while he threw 15 million people off the health care they desperately…”
FULL SPEECH: Bernie Sanders in Minnesota: "They have the money, but we have the people" | Uploaded May 11, 2026 | 19:28-20:12
“Trump began a war that never should have happened. Unprovoked war by bombing Iran, assassinating its leadership, and killing many civilians.”
FULL SPEECH: Bernie Sanders in Minnesota: "They have the money, but we have the people" | Uploaded May 11, 2026 | 20:56-20:56
“That war is not only unconstitutional because he didn't have the authorization of Congress, it is an absolute violation of international…”
FULL SPEECH: Bernie Sanders in Minnesota: "They have the money, but we have the people" | Uploaded May 11, 2026 | 21:10-21:22
“The American people were lied to. And I, my generation experienced that. We lied to about the war in Vietnam.”
FULL SPEECH: Bernie Sanders in Minnesota: "They have the money, but we have the people" | Uploaded May 11, 2026 | 22:22-22:32
“59,000 young men came home in body bags.”
FULL SPEECH: Bernie Sanders in Minnesota: "They have the money, but we have the people" | Uploaded May 11, 2026 | 22:32-22:38
“We were lied to about the war in Iraq.”
FULL SPEECH: Bernie Sanders in Minnesota: "They have the money, but we have the people" | Uploaded May 11, 2026 | 22:38-22:42
“We are being lied to about this war in Iran.”
FULL SPEECH: Bernie Sanders in Minnesota: "They have the money, but we have the people" | Uploaded May 11, 2026 | 22:38-22:42
“We started the effort in the Senate to say no more US Military aid to Israel and its extremist Netanyahu government.”
FULL SPEECH: Bernie Sanders in Minnesota: "They have the money, but we have the people" | Uploaded May 11, 2026 | 24:08-24:20
“We then went up to 27 votes.”
FULL SPEECH: Bernie Sanders in Minnesota: "They have the money, but we have the people" | Uploaded May 11, 2026 | 24:30-24:33
“We went up to 45 votes, 80% of the Democratic caucus.”
FULL SPEECH: Bernie Sanders in Minnesota: "They have the money, but we have the people" | Uploaded May 11, 2026 | 24:35-24:40
“There are very serious economists who worry that in the next decade, we're talking about the loss of tens of millions of jobs.”
FULL SPEECH: Bernie Sanders in Minnesota: "They have the money, but we have the people" | Uploaded May 11, 2026 | 26:49-27:01
“AI becomes smarter than humans.”
FULL SPEECH: Bernie Sanders in Minnesota: "They have the money, but we have the people" | Uploaded May 11, 2026 | 28:18-28:22
“An AI independent of human control could do catastrophic things.”
FULL SPEECH: Bernie Sanders in Minnesota: "They have the money, but we have the people" | Uploaded May 11, 2026 | 28:35-28:43
“The country and in fact the world are facing enormous crises.”
FULL SPEECH: Bernie Sanders in Minnesota: "They have the money, but we have the people" | Uploaded May 11, 2026 | 28:49-28:55
“They have the money. Unlimited sums of money.”
FULL SPEECH: Bernie Sanders in Minnesota: "They have the money, but we have the people" | Uploaded May 11, 2026 | 30:11-30:11
“Graham is going to be the Democratic nominee.”
FULL SPEECH: Bernie Sanders in Minnesota: "They have the money, but we have the people" | Uploaded May 11, 2026 | 33:29-33:33
“Graham is going to be the next senator from Maine.”
FULL SPEECH: Bernie Sanders in Minnesota: "They have the money, but we have the people" | Uploaded May 11, 2026 | 33:32-33:37
“The leading trade unions in [California] are going to present enough petitions to get a billionaire wealth tax on the ballot for November.”
FULL SPEECH: Bernie Sanders in Minnesota: "They have the money, but we have the people" | Uploaded May 11, 2026 | 33:51-34:00
“They got well over a million signatures.”
FULL SPEECH: Bernie Sanders in Minnesota: "They have the money, but we have the people" | Uploaded May 11, 2026 | 34:09-34:13
“The last poll that I saw, they were winning two to one.”
FULL SPEECH: Bernie Sanders in Minnesota: "They have the money, but we have the people" | Uploaded May 11, 2026 | 34:16-34:21
“The current political system and the current economic system is broken.”
FULL SPEECH: Bernie Sanders in Minnesota: "They have the money, but we have the people" | Uploaded May 11, 2026 | 34:35-34:43
“The system is designed to make the richest people in this country richer and to ignore the needs of the vast majority of the people who are…”
FULL SPEECH: Bernie Sanders in Minnesota: "They have the money, but we have the people" | Uploaded May 11, 2026 | 34:52-35:03
“The billionaires are going to start paying their fair share of taxes.”
FULL SPEECH: Bernie Sanders in Minnesota: "They have the money, but we have the people" | Uploaded May 11, 2026 | 37:40-37:46
“Mexico recently announced...they are going to guarantee health care to every man, woman and child in their country.”
FULL SPEECH: Bernie Sanders in Minnesota: "They have the money, but we have the people" | Uploaded May 11, 2026 | 39:02-39:09
“We got to raise the minimum wage to a living wage, 20 bucks an hour.”
FULL SPEECH: Bernie Sanders in Minnesota: "They have the money, but we have the people" | Uploaded May 11, 2026 | 39:56-40:02
“Trump wants to increase military spending by $500 billion.”
FULL SPEECH: Bernie Sanders in Minnesota: "They have the money, but we have the people" | Uploaded May 11, 2026 | 40:10-40:17
“Everything that I told you has the strong support of the American people.”
FULL SPEECH: Bernie Sanders in Minnesota: "They have the money, but we have the people" | Uploaded May 11, 2026 | 41:36-41:43
“More and more people are joining unions.”
FULL SPEECH: Bernie Sanders in Minnesota: "They have the money, but we have the people" | Uploaded May 11, 2026 | 45:27-45:31
“Unions now are more widely admired than any time in the last many, many decades.”
FULL SPEECH: Bernie Sanders in Minnesota: "They have the money, but we have the people" | Uploaded May 11, 2026 | 45:37-45:42
“Gay marriage exists in Vermont and all over this country.”
FULL SPEECH: Bernie Sanders in Minnesota: "They have the money, but we have the people" | Uploaded May 11, 2026 | 46:24-46:28
“In the wealthiest country on earth, every man, woman and child can and must have a decent standard of living.”
FULL SPEECH: Bernie Sanders in Minnesota: "They have the money, but we have the people" | Uploaded May 11, 2026 | 47:54-48:04
“We are going to create a government that works for all of us.”
FULL SPEECH: Bernie Sanders in Minnesota: "They have the money, but we have the people" | Uploaded May 11, 2026 | 49:25-49:30