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Bernie Sanders: “Today in America, we have more income and wealth inequality…”

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 04:38

So let me begin by telling you what many of you already know. Never before in American history have so few people held so much wealth and even more importantly, held so much power. Today in America, we have more income and wealth inequality than we've ever had in the history of our country. We all study the Gilded Ages, remember that? The Carnegie's and the Rockefellers and all those guys. Nothing, nothing compared to where we are today. (04:38–04:47)

CLAIM

Asserts current levels of income and wealth inequality are the highest in U.S. history.

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, the wealthiest man alive, now owns more wealth than the bottom 53% of American households.”
FULL SPEECH: Bernie Sanders in Minnesota: "They have the money, but we have the people" | Uploaded May 11, 2026 | 02:37-05:24
“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
“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