One of the reasons is through tax policy we have transferred an enormous amount of wealth from hard working Americans to the wealthiest Americans. If you adjust for inflation, if you go back to when Ronald Reagan was president and you adjusted for inflation to get to today, the richest person today would be worth about $15 billion, not 150 billion or actually in some people's cases, north of that by a lot. And then Tesla just approved a new pay package of $1 trillion. I mean, 1 trillion, does anybody need a trillion dollars? A thousand billion dollars? I got one taker. (01:30–01:50)
CLAIM
Asserts that inflation-adjusted wealth of the richest individuals has increased significantly since Ronald Reagan's presidency.
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.
