Biden highlights wealth gap as America's richest gain $1.5 trillion during his term

During President Joe Biden's term, the 100 wealthiest Americans gained over $1.5 trillion. This increase highlights a significant wealth concentration among the richest individuals, including tech leaders like Elon Musk and Mark Zuckerberg. Biden has expressed concerns about this growing wealth gap. In a recent speech, he warned of an "oligarchy" forming in the U.S., which he believes threatens democracy and equality. The top 0.1% of Americans saw their wealth rise by more than $6 trillion, according to Federal Reserve estimates. This trend raises questions about economic fairness and power distribution in the country.