Biden warns of billionaire influence on democracy in farewell speech

In his farewell speech, President Biden expressed concerns about the growing power of the ultra-wealthy in America, warning that it threatens democracy. He highlighted figures like Elon Musk and Mark Zuckerberg as examples of this concentration of power. Biden emphasized the risks of unchecked influence from billionaires, describing it as a dangerous trend. He noted that an "oligarchy" is forming, which could undermine basic rights and freedoms for all Americans. During the address, Biden reflected on his presidency and achievements, including a Gaza ceasefire. He thanked his family and Vice President Kamala Harris, wishing success for the incoming administration.