Biden warns of risks from ultra-wealthy in farewell address

President Joe Biden delivered a farewell address from the Oval Office, warning about the risks of concentrated power among the ultra-wealthy. He expressed concern that this could lead to an American "oligarchy" threatening democracy and individual rights. Biden highlighted the influence of tech giants and the spread of misinformation as additional dangers. He noted the incoming administration's close ties to billionaires, including Elon Musk and Jeff Bezos, which could further complicate the political landscape. In closing, Biden reflected on his achievements and urged Americans to protect democratic values. He emphasized that the impact of his policies would take time to manifest but expressed hope for the future.