At the same time, we built a tax system that disproportionately benefits those who own assets and perpetuates the inequalities that accumulated with generational wealth. A tax system that allows Donald Trump and Elon Musk to pass their stock portfolios onto their heirs without paying a dollar on the gains that they have accrued. That is a crisis. The lack of economic mobility is a crisis. And I'm sorry to say that that tax regime, that's been done in a bipartisan manner. (14:32–14:35)
CLAIM
Asserts that the tax system allows wealthy individuals to pass on stock portfolios without paying taxes on gains.
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