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Gavin Newsom: “10% of people own 2/3 of the wealth in this nation.”

Featuring: Gavin Newsom, Democratic | Governor of California

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We Have Our First Trillionaire. What Does That Mean for America?

Published | Video Starts at 01:07

Room full of public policymakers and tell us about the role you think public policy leaders can do to help shape the next version of the American dream that people I think still aspire to, certainly in our community. Well, look, 10% of people own 2/3 of the wealth in this nation. That same 10% own 93% of the stock market. 30 year old today is doing worse than his or her parents for the first time in US history. (01:07–01:10)

CLAIM

Asserts that 10% of the population controls two-thirds of the nation's wealth.

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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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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