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

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

FULL SPEECH: Bernie discusses the existential threat of AI and endless war in Ohio

Published May 7, 2026 | Video Starts at 05:26

Today, in our country, we have more income and wealth inequality than we've ever had before. You remember the Gilded Age? Much worse. Today. Today, the top 1% now owns more wealth than the bottom 93%. Now, you want to hear something really crazy? You got one man, Elon Musk, who now owns. Listen to this. More wealth than the bottom 53% of American households combined. (05:26–05:36)

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

“Elon Musk...owns...more wealth than the bottom 53% of American households combined.”
FULL SPEECH: Bernie discusses the existential threat of AI and endless war in Ohio | Uploaded May 7, 2026 | 05:42-05:54
“CEO's of large, profitable corporations now earn 350 times more than the average worker.”
FULL SPEECH: Bernie discusses the existential threat of AI and endless war in Ohio | Uploaded May 7, 2026 | 05:58-06:10
“Last year alone, after receiving the largest tax break in history, fewer than 1,000 billionaires in America became $1.5 trillion richer.”
FULL SPEECH: Bernie discusses the existential threat of AI and endless war in Ohio | Uploaded May 7, 2026 | 06:18-06:34
“Over the last 50 years, there has been a $79 trillion redistribution of wealth from the bottom 90% to the top 1%.”
FULL SPEECH: Bernie discusses the existential threat of AI and endless war in Ohio | Uploaded May 7, 2026 | 07:01-07:14
“Today, 60% of our people are living paycheck to paycheck.”
FULL SPEECH: Bernie discusses the existential threat of AI and endless war in Ohio | Uploaded May 7, 2026 | 07:39-07:48
“In the richest country on Earth, 800,000 Americans including many veterans, should not be homeless and sleeping out on the streets.”
FULL SPEECH: Bernie discusses the existential threat of AI and endless war in Ohio | Uploaded May 7, 2026 | 25:49-25:55
“France spends 50% of what we spend per capita on health care.”
FULL SPEECH: Bernie discusses the existential threat of AI and endless war in Ohio | Uploaded May 7, 2026 | 26:53-26:58
“85 million Americans are either uninsured or underinsured.”
FULL SPEECH: Bernie discusses the existential threat of AI and endless war in Ohio | Uploaded May 7, 2026 | 27:48-27:54
“If you are working class in America, on average, you...will live six years shorter than if you are wealthy.”
FULL SPEECH: Bernie discusses the existential threat of AI and endless war in Ohio | Uploaded May 7, 2026 | 29:04-29:16
“He [the president] is somebody who virtually every single day undermines the Constitution of the United States and the rule of law.”
FULL SPEECH: Bernie discusses the existential threat of AI and endless war in Ohio | Uploaded May 7, 2026 | 01:21-13:52
“He [the president] has in an unprecedented and illegal way, created his own domestic army called ICE.”
FULL SPEECH: Bernie discusses the existential threat of AI and endless war in Ohio | Uploaded May 7, 2026 | 01:21-14:03
“Today, in our country, we have more income and wealth inequality than we've ever had before.”
FULL SPEECH: Bernie discusses the existential threat of AI and endless war in Ohio | Uploaded May 7, 2026 | 05:12-05:22
“Over the past six years, billionaires in America have more than doubled their wealth.”
FULL SPEECH: Bernie discusses the existential threat of AI and endless war in Ohio | Uploaded May 7, 2026 | 06:45-06:49
“Never before in history have the people on top had so much wealth and so much power.”
FULL SPEECH: Bernie discusses the existential threat of AI and endless war in Ohio | Uploaded May 7, 2026 | 07:21-07:29
“In the richest country on Earth, millions of our people are desperately struggling just to pay for the basic necessities of life.”
FULL SPEECH: Bernie discusses the existential threat of AI and endless war in Ohio | Uploaded May 7, 2026 | 08:43-08:56
“While profits on Wall Street and corporate America soar, a handful of giant corporations dominate sector after sector.”
FULL SPEECH: Bernie discusses the existential threat of AI and endless war in Ohio | Uploaded May 7, 2026 | 09:28-09:38
“Elon Musk, the richest guy in the world, owns X, formerly Twitter.”
FULL SPEECH: Bernie discusses the existential threat of AI and endless war in Ohio | Uploaded May 7, 2026 | 10:17-10:23
“Jeff Bezos, one of the wealthiest guys on Earth, owns the Washington Post and Twitch.”
FULL SPEECH: Bernie discusses the existential threat of AI and endless war in Ohio | Uploaded May 7, 2026 | 10:23-10:27
“Mark Zuckerberg, one of the richest guys on Earth, owns Meta, which includes Facebook, Instagram, WhatsApp, Messenger, and Threads.”
FULL SPEECH: Bernie discusses the existential threat of AI and endless war in Ohio | Uploaded May 7, 2026 | 10:32-10:39
“Rupert Murdoch... owns Fox News, the Wall Street Journal, the New York Post.”
FULL SPEECH: Bernie discusses the existential threat of AI and endless war in Ohio | Uploaded May 7, 2026 | 10:39-10:57
“Another multi billionaire, Larry Ellison, owns CBS TikTok.”
FULL SPEECH: Bernie discusses the existential threat of AI and endless war in Ohio | Uploaded May 7, 2026 | 10:58-11:03
“As a result of the Disastrous Citizens United Supreme Court decision, billionaires are legally able to spend as much as they want on…”
FULL SPEECH: Bernie discusses the existential threat of AI and endless war in Ohio | Uploaded May 7, 2026 | 12:24-12:29
“Started an unprovoked and illegal and unconstitutional war.”
FULL SPEECH: Bernie discusses the existential threat of AI and endless war in Ohio | Uploaded May 7, 2026 | 14:58-15:04
“Led to the deaths of 13 members of our military, but thousands of civilians in Iran, in Lebanon and elsewhere.”
FULL SPEECH: Bernie discusses the existential threat of AI and endless war in Ohio | Uploaded May 7, 2026 | 15:07-15:16
“American people are saying loudly and clearly, no to the war in Iran.”
FULL SPEECH: Bernie discusses the existential threat of AI and endless war in Ohio | Uploaded May 7, 2026 | 16:19-16:24
“No to more military funding for the extremist government of Israel.”
FULL SPEECH: Bernie discusses the existential threat of AI and endless war in Ohio | Uploaded May 7, 2026 | 16:23-16:29
“When we began our effort in the Senate to cut military funding for Israel, we had 11 votes.”
FULL SPEECH: Bernie discusses the existential threat of AI and endless war in Ohio | Uploaded May 7, 2026 | 16:56-17:02
“We went up to 40 votes. 80% of the Democratic caucus now understands American Taxpayer dollars do not go to fund a government which has…”
FULL SPEECH: Bernie discusses the existential threat of AI and endless war in Ohio | Uploaded May 7, 2026 | 17:02-17:20
“Billionaire friends, Mr. Musk, Mr. Bezos, Mr. Zuckerberg, Mr. Ellison and others are spending hundreds and hundreds of billions of dollars…”
FULL SPEECH: Bernie discusses the existential threat of AI and endless war in Ohio | Uploaded May 7, 2026 | 17:47-18:02
“Mr. Bezos himself just recently is now working on creating a hundred billion dollar fund to quote, unquote, automate factories in America…”
FULL SPEECH: Bernie discusses the existential threat of AI and endless war in Ohio | Uploaded May 7, 2026 | 17:48-18:21
“It means ending working class people making a living in manufacturing.”
FULL SPEECH: Bernie discusses the existential threat of AI and endless war in Ohio | Uploaded May 7, 2026 | 18:26-18:36
“Driverless vehicles all over the country.”
FULL SPEECH: Bernie discusses the existential threat of AI and endless war in Ohio | Uploaded May 7, 2026 | 18:45-18:49
“We're going to lose millions of decent paying jobs in transportation.”
FULL SPEECH: Bernie discusses the existential threat of AI and endless war in Ohio | Uploaded May 7, 2026 | 18:52-18:55
“Many young people today are increasingly emotionally hooked on a quote, unquote relationship with an AI bot.”
FULL SPEECH: Bernie discusses the existential threat of AI and endless war in Ohio | Uploaded May 7, 2026 | 19:10-19:21
“Psychologists worry about the increased isolation that many of our kids are facing.”
FULL SPEECH: Bernie discusses the existential threat of AI and endless war in Ohio | Uploaded May 7, 2026 | 19:23-19:30
“Resulting, by the way, in a lower cognitive capabilities, lower reading scores, et cetera.”
FULL SPEECH: Bernie discusses the existential threat of AI and endless war in Ohio | Uploaded May 7, 2026 | 19:35-19:42
“Scientists worried about the existence, existential threat of what happens if AI becomes smarter than human beings.”
FULL SPEECH: Bernie discusses the existential threat of AI and endless war in Ohio | Uploaded May 7, 2026 | 19:53-20:02
“Democratic Party is also very unpopular.”
FULL SPEECH: Bernie discusses the existential threat of AI and endless war in Ohio | Uploaded May 7, 2026 | 21:06-21:10
“Union membership is growing.”
FULL SPEECH: Bernie discusses the existential threat of AI and endless war in Ohio | Uploaded May 7, 2026 | 24:39-24:42
“Unions are leading an effort to tell the billionaire class in California they're going to have to start paying their fair share of taxes.”
FULL SPEECH: Bernie discusses the existential threat of AI and endless war in Ohio | Uploaded May 7, 2026 | 24:50-24:58
“In the richest country on Earth, we should not have the highest rate of childhood poverty of almost any major country.”
FULL SPEECH: Bernie discusses the existential threat of AI and endless war in Ohio | Uploaded May 7, 2026 | 25:17-25:27
“In the richest country on Earth, 20% of our seniors should not be having to try to survive on $15,000 a year or less.”
FULL SPEECH: Bernie discusses the existential threat of AI and endless war in Ohio | Uploaded May 7, 2026 | 25:26-25:40
“We spend 15,000, they spend 7,000 plus.”
FULL SPEECH: Bernie discusses the existential threat of AI and endless war in Ohio | Uploaded May 7, 2026 | 27:00-27:06
“We pay the highest prices in the world for prescription drugs.”
FULL SPEECH: Bernie discusses the existential threat of AI and endless war in Ohio | Uploaded May 7, 2026 | 27:53-27:58
“We spend less than half of other countries in terms of primary care, disease prevention.”
FULL SPEECH: Bernie discusses the existential threat of AI and endless war in Ohio | Uploaded May 7, 2026 | 28:18-28:26
“Despite spending so much on health care, our life expectancy...is shorter than virtually every other major country.”
FULL SPEECH: Bernie discusses the existential threat of AI and endless war in Ohio | Uploaded May 7, 2026 | 28:45-28:58
“Many workers had what was called a defined benefit pension plan.”
FULL SPEECH: Bernie discusses the existential threat of AI and endless war in Ohio | Uploaded May 7, 2026 | 32:04-32:10
“We have got to raise Social Security benefits and expand the solvency of Social Security.”
FULL SPEECH: Bernie discusses the existential threat of AI and endless war in Ohio | Uploaded May 7, 2026 | 32:49-32:54
“Lift that cap, we increase benefits and have Social Security solve it for 75 years.”
FULL SPEECH: Bernie discusses the existential threat of AI and endless war in Ohio | Uploaded May 7, 2026 | 33:14-33:19
“We have got to raise the minimum wage to a livable wage.”
FULL SPEECH: Bernie discusses the existential threat of AI and endless war in Ohio | Uploaded May 7, 2026 | 33:29-33:35
“We got a massive housing crisis.”
FULL SPEECH: Bernie discusses the existential threat of AI and endless war in Ohio | Uploaded May 7, 2026 | 33:44-33:49
“We need the best educated workforce in the world.”
FULL SPEECH: Bernie discusses the existential threat of AI and endless war in Ohio | Uploaded May 7, 2026 | 34:13-34:18
“We should have...free universal childcare.”
FULL SPEECH: Bernie discusses the existential threat of AI and endless war in Ohio | Uploaded May 7, 2026 | 34:34-34:42
“All of our kids, regardless of their income, should have the right to get a higher education...without going deeply into debt.”
FULL SPEECH: Bernie discusses the existential threat of AI and endless war in Ohio | Uploaded May 7, 2026 | 34:56-35:05
“I think it is radical to give a trillion dollars in tax breaks to the 1%.”
FULL SPEECH: Bernie discusses the existential threat of AI and endless war in Ohio | Uploaded May 7, 2026 | 35:48-35:54
“I think it is radical to throw children off of SNAP programs.”
FULL SPEECH: Bernie discusses the existential threat of AI and endless war in Ohio | Uploaded May 7, 2026 | 35:56-36:03
“I think it's radical to cut funding for education and housing and other basic needs.”
FULL SPEECH: Bernie discusses the existential threat of AI and endless war in Ohio | Uploaded May 7, 2026 | 36:06-36:15