On one hand I’m impressed by what Mike Bloomberg is doing: spending hundreds of millions of dollars to champion his vision of a better America.

On the other hand it would be MUCH better if he spent those dollars selflessly promoting a better America without him in charge.

If billionaires want to spend their money talking up what’s wrong with the status quo, that seems like a positive thing. Money buys leverage. But notice Warren Buffett is not running for President.