Sen. Adam Schiff slammed what he called a “corrupt system” after SpaceX‘s (NASDAQ:SPCX) historic Nasdaq debut made CEO Elon Musk the world’s first trillionaire.

“There is something terribly wrong about an economy that produces its first trillionaire, but cannot provide health care for its people,” Schiff wrote in an X post late Friday.

He added that “the richest handful of families have the combined wealth of almost forty percent of the rest of the country,” calling it “the cost of a corrupt system, where wealth perpetuates itself, and poverty, at the same time.”