Speaking from the Oval Office, while he was besides preparing to hand over power to President-elect Donald Trump, Biden took most likely the last chance to draw attention to the issue of power and wealth in the hands of fewer in the United States.
Today, the oligarchy of utmost wealth, power and influence is being formed in America, which virtually threatens our full democracy, our fundamental rights and freedoms, and a fair chance for everyone to take the lead – said Biden and pointed out at the same time dangerous concentration of power in the hands of respective ultrarich people and dangerous consequences if their abuse of power remains uncontrolled.
Biden pointed out that the current situation resembles the era of monopolistic industrialists from the turn of the 19th and 20th centuries. national Reserve data indicates that the wealthiest 0.1% of the population has a luck 5 times greater than the full wealth of the poorest 50% of citizens.
Technological Giants
The outgoing president in his 15-minute speech presented a model of peaceful transfer of power and, without mentioning Trump by name, expressed concerns about his successor. This time, the president, who repeatedly described Trump as a threat to the government system, went even further. He warned Americans to be vigilant towards their freedoms and institutions in the turbulent era of fast technological and economical change. Biden paid peculiar attention to the influences of billionaires in the technology and social media sector, specified as Elon Musk and Mark Zuckerberg, who formed close relations with the future president.
The free press is falling apart... Social media quit checking facts. fact is suppressed by lies for power and profit – said the politician.
Presidential immunity
In his speech, Biden called for a number of reforms aimed at reducing wealth. He proposed, among others, improvement of the taxation system, changes in the law on the financing of electoral campaigns and limiting the word of office of ultimate Court judges to 18 years. He besides suggested a constitutional amendment abolishing presidential immunity.
50 years in politics
The Wednesday evening speech culminated not only with Biden's presidency, but besides with his 5 decades in politics. As AP News reminds, he was erstwhile the youngest, 30-year-old senator in the country erstwhile he began representing his household state of Delaware in 1972.
Biden ran for president in 1988 and 2008, before becoming vice president with Barack Obama. He returned to the central political scene as a improbable Democratic candidate in 2020, effectively removing Trump from the White House.
