Biden warns of growing tech billionaire oligarchy and proposes constitutional amendment in farewell address

In his farewell address, President Joe Biden warned of a growing oligarchy in the U.S. fueled by extreme wealth and a "tech-industrial complex." He expressed concerns about misinformation and the influence of social media on democracy. Biden proposed a constitutional amendment to end presidential immunity for crimes committed while in office. This follows a Supreme Court ruling that limited legal accountability for former presidents, which he believes could lead to unaccountable leadership. He also called for reforms including tax changes for billionaires, a ban on stock trading by Congress members, and term limits for Supreme Court justices. Biden's address marked a significant shift from his usual optimistic tone.