/Yang on possible Bloomberg run: There are limits to what money can do

Yang on possible Bloomberg run: There are limits to what money can do

Yang’s remarks come after reports that Bloomberg is preparing to file paperwork to qualify for Alabama’s Democratic primary ahead of a Friday deadline, maneuvering toward a 2020 run after previously announcing in March that he would not seek the presidency.

While Bloomberg’s centrist political ideology could pose an electoral threat to more moderate candidates including former Vice President Joe Biden and Mayor Pete Buttigieg of South Bend, Ind., the news of his possible campaign drew immediate criticism from the Democratic field’s two top-polling progressives.

“Welcome to the race, @MikeBloomberg! If you’re looking for policy plans that will make a huge difference for working people and which are very popular, start here,” Massachusetts Sen. Elizabeth Warren wrote on Twitter, including a link to an online calculator showing how much billionaires would owe the federal government under her proposed wealth tax.

Vermont Sen. Bernie Sanders also offered an implicit rebuke of Bloomberg, tweeting Thursday: “The billionaire class is scared and they should be scared.”