Elizabeth Warren: “When you have a bazillion dollars, you don't actually need…”

“They pay nothing. Jeff Bezos. Go Jeff Bezos. He pays a tax rate lower than a Boston public school teacher. And they can do that because it turns out When you have a bazillion dollars, you don't actually need to earn a paycheck. You can simply borrow money against your bazillion. You know this. Watch your bazillion continue to grow. No taxable event, right?” (07:42–07:49)

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.