Billionaire Democratic presidential candidate Michael Bloomberg blasted the hypocrisy of socialist Democratic presidential candidate Sen. Bernie Sanders (I-VT) on Wednesday during NBC’s presidential debate by pointing out how Sanders is a millionaire who owns three homes.
“What a wonderful country we have,” Bloomberg said. “The best known socialist happens to be a millionaire with three houses. What’d I miss here?”
“You’ll miss that I work in Washington,” Sanders responded.
“That’s the first problem,” Bloomberg fired back.
Aww, snap. Bloomberg's best moment calling out socialist Bernie's three houses. pic.twitter.com/ncKxkQqSUg
— Scott Whitlock (@ScottJW) February 20, 2020
The exchange started several minutes prior when MSNBC’s Chuck Todd asked Bloomberg, “Mayor Bloomberg, should you exist?”
“I can’t speak for all billionaires, all I know is I’ve been very lucky, made a lot of money and I’m giving it all away to make this country better and a good chunk of it goes to the Democratic Party as well,” Bloomberg said.
“Have you earned too much?” Todd asked. “Has it been an obscene amount of money? Should you have earned that amount of money?”
“Yes, I worked very hard for it,” Bloomberg responded. “And I’m giving it away.”
Sanders responded by claiming that Bloomberg did not make all that money and that it was his workers who made him the money.
“I can’t think of a way that would make it easier for Donald Trump to get re-elected than by listening to this conversation,” Bloomberg responded. “This is ridiculous. We’re not going to throw out capitalism, we tried that, other countries tried that, it was called communism and it just didn’t work.”
The Daily Wire reported the following on Michael Bloomberg’s background and policy views last December after he declared his candidacy:
On November 24, 2019, Michael Rubens Bloomberg announced his formal entrance into the Democratic Party’s 2020 presidential primary. To date, he is the latest candidate to enter the primary field.
Michael Bloomberg served three full terms as mayor of New York City, from 2002 through the end of 2013. He was New York City’s mayoral successor of the failed 2008 Republican presidential candidate and current private attorney for President Donald Trump, Rudy Giuliani. Bloomberg is also the co-founder, CEO, and majority owner of financial services conglomerate Bloomberg L.P., which is perhaps best known for its flagship Bloomberg Terminal hardware. As of November 2019, Bloomberg’s net worth was estimated at $58 billion dollars, which makes him one of the wealthiest individuals in the world. He has been a prolific donator to various charitable and political causes.
Born in Boston in 1942, Bloomberg has degrees from Johns Hopkins University and Harvard Business School. A registered Democrat earlier in his career, Bloomberg actually ran for and successfully sought the New York City mayoralty office as a registered Republican before re-registering as an independent in the midst of his second mayoral term. He re-registered as a Democrat in 2018. Since joining the 2020 Democratic Party presidential primary field, Bloomberg News — an international news outlet operating as a legal subsidiary of Bloomberg L.P. — has announced that it will not journalistically investigate Bloomberg or his fellow 2020 Democratic Party primary campaign rivals.