Biden Warns of Modern-Day Robber Barons in Farewell Address
President Biden issued a stark warning about a burgeoning tech-fueled oligarchy mirroring the Gilded Age, where concentrated wealth and power threaten American democracy and freedoms. He urged action to ensure fair taxation of the ultra-wealthy and accountability for social media platforms spreading misinformation. Biden stressed the need for safeguards on AI and advocated for reforms including campaign finance reform and Supreme Court term limits. This call to action echoes past efforts to curb unchecked power, emphasizing the need for Americans to protect their hard-won rights and freedoms. His address concluded with a plea for citizens to stand guard against this threat to American ideals.