So Bloomberg says he will spend $100M on his campaign

[Red Oak]

Let's see.

His wealth is projected at $52.4B according to Forbes: [link:https://www.forbes.com/profile/michael-bloomberg/#2a7604cd1417|

His tax cuts thanks to Trump were 2.6% on income and 14% on corporate taxes.

$100M is a measly 0.19% of his wealth.

He can run for President, self fund, tell me how bad a wealth tax is and how bad an estate tax is, spend a measly portion of his Trump tax savings, and still have many tens of thousands of millions left over. His total wealth goes from $52.4 Billion all the way down to $52.3 Billion, if that.

$Billionaires for Bloomy!

[JaneQPublic]

1. Yep. He's running to save his fortune, not the country. (nt)

[padah513]

9. Yes

Not a peep from him until Warren's wealth tax proposal came to the forefront

[pwb]

2. He should run as an Independent, otherwise this helps trump?

I am against this . Bloomberg will loose against trump. V P is more of a fit for him.

[Doodley]

3. This is a nasty slur on a patriot who has spent billions of his own money to help others.

[Red Oak]

10. His party affiliation seems to wander

I wonder if his party affiliation tracks with his vested interests?

From Wikipedia:

Political party Democratic (before 2001, 2018–present)
Independent (2007–2018)
Republican (2001–2007)

I guess he really liked George. W. Bush enough to be a Republican starting in 2001. Or maybe it tracked his political desires to be Mayor of NYC?

Independent enough to not be a Democrat during most of the Obama years.

Now a new found Democrat again?

Looks like an opportunist to me.

$Billionaires for Bloomy!

[Doodley]

11. Where's your outrage about Elizabeth Warren? A Republican most her life.

[Red Oak]

16. No outrage at all, in fact I like it.

She clearly says that she was a Republican until she got to see inside Wall Street and see what a putrid stinking mess it is. All about the buck and nothing about the people.

She has been die-hard Dem since. And she walks the walk.

She saw the light and I welcome her. So much so that she is my candidate in the primaries.

How about Bloomy? Seems a bit of an opportunist. No? Dem when it benefits him. Indy when that is what he needs. Repub to get elected to office?

$Billionaires for Bloomy!

[theaocp]

5. K&r

He is scum and can rot. Fucking ego.

[evertonfc]

6. who cares

Let the man run. Is the primary only limited to Washington insiders? I support Biden but I could care less if Mike enters. He's done alot for progressive causes and has every right to run. Like about 7 on our debate stage, he has no real chance of the nomination but he's free to spend his money on a run. He's on our side. Stop the disparaging comments on a good guy. Ignore him

[Doodley]

12. Exactly. We become like Trump if we throw out unwarranted slurs of a good man.

[Maven]

7. It's obscene. This is why we need publicly funded elections. nt

[backtoblue]

8. +++++

This.

[Uncle Joe]

13. Kicked and recommended

Thanks for the thread Red Oak.

[FiveGoodMen]

14. The constitution specifies a minimum age to run for President

It should have also specified a maximum wealth (and required regular inflation adjustment).

[dalton99a]

15. We need another billionaire president like we need a hole in the head.

[Aaron Pereira]

17. He'll need to spend more than that.

He could buy the primary if he wanted to but I think there is a gap between his ego and real support that $100mm doesn't bridge.