PolitiQuote

Discover video-sourced quotes by politicians

Gavin Newsom: “That same 10% own 93% of the stock market.”

Featuring: Gavin Newsom, Democratic | Governor of California

Watch on YouTube

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

Published | Video Starts at 01:09

… 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. If that's not a five alarm fire, I don't know what the hell is. (01:09–01:13)

CLAIM

Asserts that the same 10% of people own 93% of the stock market.

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.


Gavin Newsom

Discover more from

Gavin Newsom

Report A Transcription Error

Please report any error in the automated transcription.

About PolitiQuote

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.

PolitiQuote is a service of Gigafact Foundation, a nonpartisan nonprofit advancing facts and information transparency, community by community.

Visit gigafact.org to learn more.