Gavin Newsom: “10% of people own 2/3 of the wealth [in the United States].”

“I just want to step back a little bit and try to knit some things together and give you a rationale for at least an argument for the case we're trying to make here today. We live in a country well established that 10% of people own 2/3 of the wealth [in the United States]. We live in a country where a 30 year old for the first time in American history is not doing better than his or her parents did.” (22:51–22:57)

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.