In his farewell address, President Biden warned of an emerging oligarchy in America centered around tech billionaires, coinciding with Trump's inauguration featuring Musk, Bezos, and Zuckerberg. He emphasized the threat to democracy posed by concentrated wealth and power, prompting polarized reactions from lawmakers. Although inequality has slightly decreased during Biden's term, the wealthiest 0.1% hold a significant portion of the nation’s wealth. Biden’s speech underlined political division, as he prepares to hand over the presidency to Trump while highlighting ongoing debates on democracy, accountability, and the influence of mega-rich individuals in government.