And they are related. Over the decades, we have suffered through an economy that has reduced economic mobility and hollowed out America's middle class. 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. (14:21–14:33)
CLAIM
Asserts that the U.S. tax system benefits asset owners and perpetuates generational wealth inequalities.
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.
