Billionaires are currently a fixture of our political discourse. Billionaire and Former Mayor Mike Bloomberg entered the Democratic primary 11 weeks ago setting off a discussion on the ethics of money in politics and of the existence of billionaires. Bloomberg makes no secret of the fact of his wealth, it’s a central part of his electability argument. He doesn’t need to ask anyone else for money, he posits, and therefore he doesn’t need to engage in the corrupt horse trading that goes on in politics. His wealth makes him incorruptible. But the flip side is also true. Because he doesn’t need to ask the people for money, he’s also not accountable to anyone. What happens when President Bloomberg needs to raise taxes on the rich to fund the programs we sorely need to tackle the important issues of our time? Are we sure that he will tax his own nearly $60 billion in wealth to help us? And if he doesn’t, how can anyone keep this incorruptible man accountable?
March 20, 2020 by Santiago SueiroRead more