We definitely have a crisis in our democracy, Madam President, and in our economy. 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. (14:12–14:18)
CLAIM
Asserts that the U.S. economy has reduced economic mobility and weakened the middle class.
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.
