… 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. So of course we need to demand that the wealthiest people in this country, the billionaire class, start paying their fair share of taxes, which is why I have introduced legis calling for a 5% annual tax on the wealth of billionaires. (06:12–06:21)
CLAIM
Asserts that billionaires pay a lower effective tax rate compared to some middle-class workers.
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.
