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Bernie Sanders: “Today in America, the top 1% owns more wealth than the…”

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

FULL SPEECH: Bernie Sanders Holds 'Billionaire Tax Now' Event In Los Angeles, California

Published February 19, 2026 | Video Starts at 05:38

Right? Human empathy. But in America today, and I want you to hear this because you're not going to see it much in the media or hear it in Congress. Today in America, the top 1% owns more wealth than the bottom 93%. Got that? Today in america, one man, Mr. Musk, He is now worth $850 billion. One man. While 800,000Americans are homeless and children go hungry, one man. (05:38–05:47)

CLAIM

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

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, He is now worth $850 billion.”
FULL SPEECH: Bernie Sanders Holds 'Billionaire Tax Now' Event In Los Angeles, California | Uploaded February 19, 2026 | 05:54-06:06
“One man owns more wealth than the bottom 53% of American households.”
FULL SPEECH: Bernie Sanders Holds 'Billionaire Tax Now' Event In Los Angeles, California | Uploaded February 19, 2026 | 06:20-06:28
“The CEOs of large profitable corporations now make 350 times more than the average worker.”
FULL SPEECH: Bernie Sanders Holds 'Billionaire Tax Now' Event In Los Angeles, California | Uploaded February 19, 2026 | 06:47-06:58
“Last year alone, just one year after receiving the largest tax break in history, the 938 billionaires in America became $1.5 trillion…”
FULL SPEECH: Bernie Sanders Holds 'Billionaire Tax Now' Event In Los Angeles, California | Uploaded February 19, 2026 | 07:01-07:20
“There has been a $79 trillion transfer of wealth from the bottom 90% to the top 1% over the last 50 years.”
FULL SPEECH: Bernie Sanders Holds 'Billionaire Tax Now' Event In Los Angeles, California | Uploaded February 19, 2026 | 08:04-08:42
“The average American worker today is making almost $20 a week less than he or she did over 53 years ago after adjusting for inflation.”
FULL SPEECH: Bernie Sanders Holds 'Billionaire Tax Now' Event In Los Angeles, California | Uploaded February 19, 2026 | 08:46-08:59
“Four Wall Street firms, BlackRock, Vanguard, Fidelity, and State Street, are the major stockholders in 95% of our corporations.”
FULL SPEECH: Bernie Sanders Holds 'Billionaire Tax Now' Event In Los Angeles, California | Uploaded February 19, 2026 | 09:48-10:08
“In the last presidential election, Mr. Musk spent at least $290 million to elect Donald [Trump].”
FULL SPEECH: Bernie Sanders Holds 'Billionaire Tax Now' Event In Los Angeles, California | Uploaded February 19, 2026 | 12:57-13:12
“The hundred richest people in our country spent 2.6 billion on the 2024 election.”
FULL SPEECH: Bernie Sanders Holds 'Billionaire Tax Now' Event In Los Angeles, California | Uploaded February 19, 2026 | 13:18-13:31
“Large corporations like Tesla and SpaceX [are] making billions of dollars in profit a year and paying nothing, zero, zilch in federal income…”
FULL SPEECH: Bernie Sanders Holds 'Billionaire Tax Now' Event In Los Angeles, California | Uploaded February 19, 2026 | 22:08-22:26
“Over 60% of our people are living paycheck to paycheck.”
FULL SPEECH: Bernie Sanders Holds 'Billionaire Tax Now' Event In Los Angeles, California | Uploaded February 19, 2026 | 01:47-01:54
“Never before in American history have we seen the outrageous level of income and wealth inequality we see today.”
FULL SPEECH: Bernie Sanders Holds 'Billionaire Tax Now' Event In Los Angeles, California | Uploaded February 19, 2026 | 02:55-03:05
“Billionaires [are] paying a lower tax rate than the average American worker.”
FULL SPEECH: Bernie Sanders Holds 'Billionaire Tax Now' Event In Los Angeles, California | Uploaded February 19, 2026 | 07:12-22:05
“Billionaires in America have more than doubled their wealth over the past six years.”
FULL SPEECH: Bernie Sanders Holds 'Billionaire Tax Now' Event In Los Angeles, California | Uploaded February 19, 2026 | 07:43-07:52
“The billionaire class determines what the American people see, hear, and read through their ownership of media.”
FULL SPEECH: Bernie Sanders Holds 'Billionaire Tax Now' Event In Los Angeles, California | Uploaded February 19, 2026 | 10:19-10:34
“Mark Zuckerberg [is] the wealthiest man in California and the fourth wealthiest person in the world, worth $226 billion.”
FULL SPEECH: Bernie Sanders Holds 'Billionaire Tax Now' Event In Los Angeles, California | Uploaded February 19, 2026 | 11:11-23:43
“Mark Zuckerberg [bought] three yachts worth $530 million.”
FULL SPEECH: Bernie Sanders Holds 'Billionaire Tax Now' Event In Los Angeles, California | Uploaded February 19, 2026 | 11:11-23:57
“Mark Zuckerberg [bought] 11 homes in Palo Alto to make a family compound.”
FULL SPEECH: Bernie Sanders Holds 'Billionaire Tax Now' Event In Los Angeles, California | Uploaded February 19, 2026 | 11:11-24:06
“Larry Ellison [is] the second wealthiest person in California. He is worth $213 billion.”
FULL SPEECH: Bernie Sanders Holds 'Billionaire Tax Now' Event In Los Angeles, California | Uploaded February 19, 2026 | 11:18-24:31
“Larry Ellison [bought] five private jets along with several jet fighter jets he uses for recreational purposes.”
FULL SPEECH: Bernie Sanders Holds 'Billionaire Tax Now' Event In Los Angeles, California | Uploaded February 19, 2026 | 11:18-24:47
“As a result of the Citizens United Supreme Court decision, billionaires can spend as much money as they want on political campaigns through…”
FULL SPEECH: Bernie Sanders Holds 'Billionaire Tax Now' Event In Los Angeles, California | Uploaded February 19, 2026 | 12:30-12:50
“Big tech oligarchs in Silicon Valley have pledged to spend at least 200 million on a super PAC sympathetic to the AI and robotics…”
FULL SPEECH: Bernie Sanders Holds 'Billionaire Tax Now' Event In Los Angeles, California | Uploaded February 19, 2026 | 13:45-13:55
“AI and robotics can throw millions of workers out on the street.”
FULL SPEECH: Bernie Sanders Holds 'Billionaire Tax Now' Event In Los Angeles, California | Uploaded February 19, 2026 | 14:02-14:09
“The billionaire class no longer sees itself as part of American society.”
FULL SPEECH: Bernie Sanders Holds 'Billionaire Tax Now' Event In Los Angeles, California | Uploaded February 19, 2026 | 16:34-16:42
“Billionaires have created huge businesses with revolutionary technologies like AI and robotics.”
FULL SPEECH: Bernie Sanders Holds 'Billionaire Tax Now' Event In Los Angeles, California | Uploaded February 19, 2026 | 17:17-17:33
“Billionaires are going to learn that we are still living in a democratic society where the people have some power.”
FULL SPEECH: Bernie Sanders Holds 'Billionaire Tax Now' Event In Los Angeles, California | Uploaded February 19, 2026 | 18:33-18:41
“Billionaires are raising a lot of money from their very rich friends and they're going to be spending a lot of money on TV Ads.”
FULL SPEECH: Bernie Sanders Holds 'Billionaire Tax Now' Event In Los Angeles, California | Uploaded February 19, 2026 | 18:54-19:04
“The richest people on earth who are becoming much richer should pay a little bit more in taxes so that children can have health care.”
FULL SPEECH: Bernie Sanders Holds 'Billionaire Tax Now' Event In Los Angeles, California | Uploaded February 19, 2026 | 20:23-20:31
“Sergey Brin, the co-founder of Google, [is] spending $20 million to defeat this tax on billionaires.”
FULL SPEECH: Bernie Sanders Holds 'Billionaire Tax Now' Event In Los Angeles, California | Uploaded February 19, 2026 | 22:31-22:45
“Sergey Brin [is] worth $245 billion.”
FULL SPEECH: Bernie Sanders Holds 'Billionaire Tax Now' Event In Los Angeles, California | Uploaded February 19, 2026 | 22:35-22:55
“Since Trump was elected, [Sergey Brin has] become over $100 billion richer.”
FULL SPEECH: Bernie Sanders Holds 'Billionaire Tax Now' Event In Los Angeles, California | Uploaded February 19, 2026 | 22:55-23:05
“15 million people [are] thrown off of health care, Medicaid, and the Affordable Care Act in order to provide a trillion dollars in tax…”
FULL SPEECH: Bernie Sanders Holds 'Billionaire Tax Now' Event In Los Angeles, California | Uploaded February 19, 2026 | 25:04-25:19