Biden warns of oligarchy as Trump prepares for inauguration with tech billionaires

President Joe Biden has warned that the U.S. risks becoming an "oligarchy" of tech billionaires. This warning coincides with Donald Trump's upcoming inauguration, where the world's three richest men—Elon Musk, Jeff Bezos, and Mark Zuckerberg—will be present. Musk played a significant role in Trump's campaign, contributing $200 million through a super PAC. The three billionaires, whose combined wealth is nearly $1 trillion, have aligned their interests with Trump's administration, which may influence government contracts and policies. The growing wealth of a few billionaires contrasts with the broader economic landscape. While inequality has slightly decreased during Biden's term, the wealthiest 0.1% own a significant portion of the nation's wealth, raising concerns about the influence of the ultra-rich in American politics.