This will be my final address to you -- the American people -- from the Oval Office, from this desk as president. And I've been thinking a lot about who we are and, maybe more importantly, who we should be. ...
Today, an oligarchy is taking shape in America of extreme wealth, power, and influence that literally threatens our entire democracy, our basic rights and freedoms, and a fair shot for everyone to get ahead. We see the consequences all across America. And we've seen it before, more than a century ago. But the American people stood up to the robber barons back then and busted the trusts.
People should be able to make as much as they can, but play by the same rules, pay their fair share in taxes. You know, we've proven we don't have to choose between protecting the environment and growing the economy. We're doing both. But powerful forces want to wield their unchecked influence to eliminate the steps we've taken to tackle the climate crisis to serve their own interest for power and profit. We must not be bullied into sacrificing the future, the future of our children and our grandchildren. We must keep pushing forward and push faster. There is no time to waste.
Americans are being buried under an avalanche of misinformation and disinformation enabling the abuse of power. The free press is crumbling. Editors are disappearing. Social media is giving up on fact-checking. The truth is smothered by lies told for power and for profit.
We must reform the tax code -- not by giving the biggest tax cuts to billionaires, but by making them begin to pay their fair share. We need to get dark money -- that's that hidden funding behind too many campaigns' contributions -- we need to get it out of our politics.
A fair shot is what makes America, America. Everyone is entitled to a fair shot -- not a guarantee, but just a fair shot, an even playing field -- going as far as your hard work and talent can take you. We can never lose that essential truth -- remain who we are. Now it's your turn to stand guard. May you all be the keeper of the flame. May you keep the faith.
I love America. You love it too. God bless you all. And may God protect our troops. Thank you for this great honor.
-- Excerpts from President Biden's Farewell Address to the Nation (15 January 2025)