Special Poll
In his televised farewell address, President Biden expressed concerns about America evolving into an “oligarchy,” highlighting the growing influence of a few wealthy individuals. He cautioned against the unchecked power of the ultra-wealthy, which he believes poses a significant threat to democracy, rights, freedoms, and equal opportunities in the country.
As he prepares to leave office, with President-elect Donald Trump set to take over, Biden pointed out the influence of major donors like tech billionaire Elon Musk on the recent election. Biden emphasized that while it’s permissible for the wealthy to earn, they must also contribute their fair share in taxes.
Biden voiced worries about powerful entities pushing to reduce regulations that combat climate change, citing the impact of such changes on recent natural disasters in California and North Carolina. He drew parallels with President Eisenhower’s warnings about the military-industrial complex, suggesting a similar concern today with a potential “tech industrial complex.”
Highlighting the erosion of the free press and the rise of misinformation, Biden underscored the pressing need for vigilance to maintain the integrity of information and democracy. He stressed that the battle for truth is crucial as misinformation benefits those seeking power and profit at the expense of societal welfare.