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"Held or sought" is quite a catchall category. People concerned with the influence of money on elections should take solace in the time Bloomberg spent $100 mil
by idlewords 3y ago
"Held or sought" is quite a catchall category. People concerned with the influence of money on elections should take solace in the time Bloomberg spent $100 million in the Presidential primary to win American Samoa.
Meg Whitman, although not a billionaire, is another encouraging example. By the end it's estimated she had so saturated the California airwaves that her ads were losing her votes.
- pleasantpeasant 3y agoWhat about the billionaires/multimillionaires who don't seek any positions but donate to campaigns, PACs, ideological think-tanks. This article would never have the Koch brothers in their study because, technically, they never sought to be in office, even though we know they donate billions of dollars to their think-tanks and super PACs.
- pb7 3y agoHe actually spent $900 million according to the New York Times. https://www.nytimes.com/2020/03/20/us/politics/bloomberg-campaign-900-million.html https://www.nytimes.com/2020/03/20/us/politics/bloomberg-cam...
- alpha_squared 3y agoI think that actually worked out in his favor, too, because had someone like Elizabeth Warren or Bernie Sanders won, he'd have had a much larger tax bill than that.
- toomuchtodo 3y agoThey’d have no control over tax policy in Presidential office. Bloomberg burned almost $1B to realize he was unviable. If that’s how billionaire wish to divest their wealth, with enormous spend that gets no traction, we should not get in their way.