Bernie Sanders: “Musk himself owns more wealth than the bottom 53% of…”

“And I know that at a time when the top 1% of owns more wealth than the bottom 93%, when people like Bezos and Musk own more wealth than, you know, so many Americans combined, Musk himself owns more wealth than the bottom 53% of American households. Meanwhile, the effective tax rate of billionaires is lower than that of a nurse or a truck driver.” (06:07–06:13)

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.