Press "Enter" to skip to content

Bloomberg spending spree is dangerous for 2020 election and democracy

How far would you go to get rid of President Donald Trump? Would you give up any pretense that we live in a democracy of the people, by the people, for the people? 

That seems to be the bet Mike Bloomberg is making.

Future historians may trace the moment it became inevitable that Americans would surrender to a choice between competing tycoons to Nov. 7, 2019 — the day Sen. Elizabeth Warren released her wealth tax calculator for “confused billionaires.” 

The site included a dedicated link so that Bloomberg could find out what the policy proposed by Warren, then the front-runner in many polls, would cost him. Based on a net worth of $53.4 billion, the calculator tabulated he’d pay “$3.163 billion next year.” 

At that point, the former New York City mayor might have thought to himself, “You know what? The total cost of the 2016 presidential election — both parties’ primaries and all — was about $2.4 billion. America has already elected one New York “billionaire” with a long history of indulging in thinly veiled sexism, racism and authoritarianism, so why not another? And many — perhaps most! — Americans would do almost anything to get rid of Trump. What do I have to lose? Hell, it would cost me more in wealth taxes not to run.” 

Source link

Brett Gonzalez
Author Details
Content Writer At Healthcare Industry Reports

Brett loves to read and write about business and thus, has some of the best contents regarding business penciled down for a number of reputed portals. Brett has successfully completed 2 Years with the Healthcare Industry Reports portal. He plans to have a part-time course chosen for all the juniors to be educated in the field of writing. Brett shifted to writing almost immediately after the completion of a degree in Business Administration. He plans to share his skills through writing. Brett’s career choice seems to have been excellent as we are being blessed with some of the most informative articles on a constant basis.

Be First to Comment

Leave a Reply

Your email address will not be published. Required fields are marked *