Five things to know about Biden's farewell address that also served as a warning to the country

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Five things to know about Biden's farewell address that also served as a warning to the country
Kamala HarrisJoe BidenElections
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President Joe Biden offered up a few surprises in his farewell address.

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Biden said “an oligarchy is taking shape in America” as power and money become more concentrated in the hands of the few. He criticized the “tech industrial complex" and social media, where “the truth is smothered by lies told for power and for profit.” He urged the country to continue confronting climate change, saying, “We must not be bullied into sacrificing the future."

Biden had other ideas, too. He said there should be higher taxes on billionaires, stricter rules on campaign contributions, 18-year term limits for Supreme Court justices and a ban on stock trading for members of Congress.The speech Wednesday evening was one of several events Biden was holding as he winds down his time in the White House. He gave a speech on foreign policy at the State Department on Monday, and he's granted a handful of interviews.

Not every president gives a speech in the same spot. President Barack Obama went to his home in Chicago for his farewell speech. George W. Bush spoke from the East Room. Donald Trump never conceded his election loss four years ago, but he delivered a pretaped address that was made public Jan. 19, 2021.Also in the Oval Office were Vice President Kamala Harris and her husband, Doug Emhoff.

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