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Gavin Newsom: “10% of people own 2/3 the wealth. Same 10% own 93% of the…”

Featuring: Gavin Newsom, Democratic | Governor of California

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FULL INTERVIEW: Gov. Newsom Launches Fierce Attack on Trump, Talks U.S. Democracy, Future, AI | AC1N

Published | Video Starts at 16:10

It's the mindset we need to take into the future. Because at the end of the day, when you and I were briefly talking about this a moment ago, this system's broken. It's broken, folks. 10% of people own 2/3 the wealth. Same 10% own 93% of the value of the stock market. 30 year old is not doing better than his father for the first time in history. That is a five alarm fire. Doesn't work anymore. We can't tinker anymore. (16:10–16:13)

CLAIM

Asserts that 10% of people own two-thirds of the wealth and 93% of the stock market value.

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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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