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From Fox Business: Scott Bessent, President-elect Trump’s nominee to lead the Treasury Department, sparred with Sen. Bernie Sanders, I-Vt., over whether the U.S. is heading toward an oligarchy.
On Wednesday, President Biden said in his farewell address that “an oligarchy is taking shape in America of extreme wealth, power and influence that literally threatens our entire democracy, our basic rights, freedoms and a fair shot for everyone to get ahead.”
In response, Sanders said he agreed with Biden and specifically called out tech giants Elon Musk, Jeff Bezos and Mark Zuckerberg during Bessent’s confirmation hearing Thursday before the Senate Finance Committee.
“The three billionaires you listed all made their money themselves,” Bessent said. “Mr. Musk came to the country as an immigrant.”
Sanders interrupted him, trying to drill home his point again by re-asking the same question.
“Well, I would note that President Biden gave the Presidential Medal of Freedom to two people who I think would qualify for his oligarchs,” Bessent retorted.
Sanders tried yet AGAIN, but Bessent swiped him down once more.
WATCH the exchange below:
BERNIE SANDERS: “Are Elon Musk, Jeff Bezos, and Mark Zuckerberg too wealthy and powerful? Do you agree with President Biden about an oligarchy?”
SCOTT BESSENT: “Those three billionaires all made their money themselves. Mr. Musk came to the country as an immigrant. Jeff Bezos…”… pic.twitter.com/rtgwiR0aQH
— KanekoaTheGreat (@KanekoaTheGreat) January 16, 2025
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