Why Michael Bloomberg Is Running For President And Why He Will Save Big Money
Yeah, most of you know by now that former NYC mayor (and soda cup grabber) Michael Bloomberg announced he's entering the Presidential race.
Seems that Bloomberg, whose net worth is $50 billion dollars, sat down with his accountant and figured out that, if Liz Warren wins the Presidency, her 6 percent wealth tax will set the New Yorker back more than $3 billion a year. Eight years under Warren and Bloomberg's fortune will be reduced by half.
So here's the deal. Bloomberg figures that, even if he totally funds his Presidential campaign, and even if he spends a billion running, he's $2 billion dollars ahead by keeping Warren donning Indian headdress in Enid, Oklahoma.
No one ever accused old Mike of being dumb about money management!