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Bernie Sanders: “The top 1% now owns more wealth than the bottom 93%.”

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

Bernie Sanders' May Day Speech in Philadelphia on Workers' Rights and Oligarchy

Published May 1, 2025 | Video Starts at 11:30

Today in America, one man, Elon Musk, owns more wealth than the bottom 52% American households. Today in America, working class people live seven years shorter lives than the rich. Today in America, The top 1% now owns more wealth than the bottom 93%. And CEOs make 350 times more than the average worker. And here is something that we don't talk about enough and it tells us why the American people are furious. (11:30–11:38)

CLAIM

Asserts that the top 1% owns more wealth than the bottom 93% of Americans.

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

“Right behind them are 13 other billionaires who he has appointed to head major government agencies.”
Bernie Sanders' May Day Speech in Philadelphia on Workers' Rights and Oligarchy | Uploaded May 1, 2025 | 07:41-07:54
“In the richest country in the history of the world, 60% of our people are living paycheck to paycheck.”
Bernie Sanders' May Day Speech in Philadelphia on Workers' Rights and Oligarchy | Uploaded May 1, 2025 | 10:24-10:35
“Today in America, one man, Elon Musk, owns more wealth than the bottom 52% American households.”
Bernie Sanders' May Day Speech in Philadelphia on Workers' Rights and Oligarchy | Uploaded May 1, 2025 | 10:59-11:13
“CEOs make 350 times more than the average worker.”
Bernie Sanders' May Day Speech in Philadelphia on Workers' Rights and Oligarchy | Uploaded May 1, 2025 | 11:41-11:50
“The average worker is earning less money per week in inflation accounted for dollars than he or she did 52 years ago.”
Bernie Sanders' May Day Speech in Philadelphia on Workers' Rights and Oligarchy | Uploaded May 1, 2025 | 12:00-12:26
“800,000 people today sleep out on the street.”
Bernie Sanders' May Day Speech in Philadelphia on Workers' Rights and Oligarchy | Uploaded May 1, 2025 | 12:41-12:46
“We are the only major country on earth not to guarantee health care to all.”
Bernie Sanders' May Day Speech in Philadelphia on Workers' Rights and Oligarchy | Uploaded May 1, 2025 | 19:30-19:37
“85 million are uninsured or underinsured.”
Bernie Sanders' May Day Speech in Philadelphia on Workers' Rights and Oligarchy | Uploaded May 1, 2025 | 19:41-19:46
“We spend twice as much per capita on health care as the people of any other major country.”
Bernie Sanders' May Day Speech in Philadelphia on Workers' Rights and Oligarchy | Uploaded May 1, 2025 | 19:46-19:53
“Instead of spending a trillion dollars a year on the military, we can cut military spending and build 5 million units of low income and…”
Bernie Sanders' May Day Speech in Philadelphia on Workers' Rights and Oligarchy | Uploaded May 1, 2025 | 20:40-21:08
“May Day as you was established way back in 1886.”
Bernie Sanders' May Day Speech in Philadelphia on Workers' Rights and Oligarchy | Uploaded May 1, 2025 | 02:34-02:41
“We want an eight hour day.”
Bernie Sanders' May Day Speech in Philadelphia on Workers' Rights and Oligarchy | Uploaded May 1, 2025 | 02:53-02:56
“Children should not be working in factories or in the fields. They should be in good schools.”
Bernie Sanders' May Day Speech in Philadelphia on Workers' Rights and Oligarchy | Uploaded May 1, 2025 | 03:07-03:15
“We want safe working conditions.”
Bernie Sanders' May Day Speech in Philadelphia on Workers' Rights and Oligarchy | Uploaded May 1, 2025 | 03:26-03:29
“When people work more than 40 hours a week, as so many millions in our country do, they deserve and must have time and a half.”
Bernie Sanders' May Day Speech in Philadelphia on Workers' Rights and Oligarchy | Uploaded May 1, 2025 | 03:35-03:46
“We have a Social Security system today which guarantees benefits to our older people and disabled did not happen by accident. The trade…”
Bernie Sanders' May Day Speech in Philadelphia on Workers' Rights and Oligarchy | Uploaded May 1, 2025 | 04:21-04:36
“Senior citizens today, through Medicare, can get the health care they need did not happen by accident. Trade union workers made it happen.”
Bernie Sanders' May Day Speech in Philadelphia on Workers' Rights and Oligarchy | Uploaded May 1, 2025 | 04:42-04:54
“Millions of lower income people and elderly people in nursing homes get supported by Medicaid did not happen by accident. The trade union…”
Bernie Sanders' May Day Speech in Philadelphia on Workers' Rights and Oligarchy | Uploaded May 1, 2025 | 04:59-04:59
“In the year 2025 in America, we are now living in an oligarchic form of society.”
Bernie Sanders' May Day Speech in Philadelphia on Workers' Rights and Oligarchy | Uploaded May 1, 2025 | 06:03-06:13
“Never before in our history have so few had so much wealth while so many Americans are struggling.”
Bernie Sanders' May Day Speech in Philadelphia on Workers' Rights and Oligarchy | Uploaded May 1, 2025 | 06:16-06:27
“Never before have so few had so much political power.”
Bernie Sanders' May Day Speech in Philadelphia on Workers' Rights and Oligarchy | Uploaded May 1, 2025 | 06:30-06:37
“Donald Trump has made it very clear what we are talking about when we talk about oligarchy.”
Bernie Sanders' May Day Speech in Philadelphia on Workers' Rights and Oligarchy | Uploaded May 1, 2025 | 07:09-07:16
“Right behind him are the three wealthiest people in America, Musk, Bezos and Zuckerberg.”
Bernie Sanders' May Day Speech in Philadelphia on Workers' Rights and Oligarchy | Uploaded May 1, 2025 | 07:27-07:37
“Today we have a government of the billionaire class, by the billionaire class and for the billionaire class.”
Bernie Sanders' May Day Speech in Philadelphia on Workers' Rights and Oligarchy | Uploaded May 1, 2025 | 08:45-08:57
“These oligarchs, these billionaires, are not nice people. They are incredibly greedy people.”
Bernie Sanders' May Day Speech in Philadelphia on Workers' Rights and Oligarchy | Uploaded May 1, 2025 | 09:05-09:19
“They are prepared to destroy Social Security, Medicare, Medicaid, nutrition programs in order to get more tax breaks for themselves.”
Bernie Sanders' May Day Speech in Philadelphia on Workers' Rights and Oligarchy | Uploaded May 1, 2025 | 09:39-09:53
“Today in America, working class people live seven years shorter lives than the rich.”
Bernie Sanders' May Day Speech in Philadelphia on Workers' Rights and Oligarchy | Uploaded May 1, 2025 | 11:16-11:26
“Some [Republicans] want to cut Social Security 22%.”
Bernie Sanders' May Day Speech in Philadelphia on Workers' Rights and Oligarchy | Uploaded May 1, 2025 | 12:56-18:26
“The American people, by the millions, are saying no to oligarchy, no to Trump's authoritarianism, no to Trump's kleptocracy.”
Bernie Sanders' May Day Speech in Philadelphia on Workers' Rights and Oligarchy | Uploaded May 1, 2025 | 13:06-13:24
“If they vote for tax breaks for billionaires and cut Medicaid, nutrition and education, we are going to throw them out.”
Bernie Sanders' May Day Speech in Philadelphia on Workers' Rights and Oligarchy | Uploaded May 1, 2025 | 13:37-13:48
“We need to end a corrupt campaign finance system that allows billionaires in both political parties to control the political process.”
Bernie Sanders' May Day Speech in Philadelphia on Workers' Rights and Oligarchy | Uploaded May 1, 2025 | 15:19-15:30
“Democracy is about one person, one vote, not billionaires buying elections.”
Bernie Sanders' May Day Speech in Philadelphia on Workers' Rights and Oligarchy | Uploaded May 1, 2025 | 15:50-15:58
“We're going to demand that the billionaires and their corporations start paying their fair share of taxes.”
Bernie Sanders' May Day Speech in Philadelphia on Workers' Rights and Oligarchy | Uploaded May 1, 2025 | 16:10-16:18
“We need to grow the trade union movement in this country.”
Bernie Sanders' May Day Speech in Philadelphia on Workers' Rights and Oligarchy | Uploaded May 1, 2025 | 16:28-16:33
“We're going to pass the pro act.”
Bernie Sanders' May Day Speech in Philadelphia on Workers' Rights and Oligarchy | Uploaded May 1, 2025 | 16:51-16:54
“We need to raise the minimum wage in this country to a living wage.”
Bernie Sanders' May Day Speech in Philadelphia on Workers' Rights and Oligarchy | Uploaded May 1, 2025 | 17:07-17:14
“We need the best educated workforce in the world.”
Bernie Sanders' May Day Speech in Philadelphia on Workers' Rights and Oligarchy | Uploaded May 1, 2025 | 17:29-17:34
“Making not only our public colleges and universities tuition free.”
Bernie Sanders' May Day Speech in Philadelphia on Workers' Rights and Oligarchy | Uploaded May 1, 2025 | 17:39-17:45
“We're going to expand Social Security benefits by lifting the cap on taxable income.”
Bernie Sanders' May Day Speech in Philadelphia on Workers' Rights and Oligarchy | Uploaded May 1, 2025 | 18:41-18:50
“We're going to pass Medicare for All single payer program.”
Bernie Sanders' May Day Speech in Philadelphia on Workers' Rights and Oligarchy | Uploaded May 1, 2025 | 20:04-20:08
“Climate change is an existential threat.”
Bernie Sanders' May Day Speech in Philadelphia on Workers' Rights and Oligarchy | Uploaded May 1, 2025 | 20:19-20:24
“We can create millions of good paying union jobs by transforming our energy system into energy efficiency and sustainable energy.”
Bernie Sanders' May Day Speech in Philadelphia on Workers' Rights and Oligarchy | Uploaded May 1, 2025 | 20:23-20:37
“The oligarchs own the economy, they own the media, they own the political process.”
Bernie Sanders' May Day Speech in Philadelphia on Workers' Rights and Oligarchy | Uploaded May 1, 2025 | 21:17-21:25