Billionaire Mike Bloomberg tries on economic populism

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Billionaire Mike Bloomberg tries on economic populism
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During a trip to Tulsa, Okla., over the weekend, Bloomberg said the next president must 'make the issue of economic inequality a top priority'

found 61 percent of adult Americans feel there is “too much” inequality in the country. The concern was even more prevalent among Democrats and those who lean left.

"It’s a recognition of how the discourse in the Democratic Party has changed since Bloomberg was in office, and even since the last election," said New York-based Democratic consultant Neal Kwatra, who is unaffiliated with any presidential campaign. "Rhetorically at least he sounds a lot more progressive. He sounds a lot more like [Microsoft founder-turned-philanthropist] Bill Gates than he does [billionaire private equity pioneer] Stephen Schwarzman right now.

They point to a suite of measures he championed as mayor, from a local Earned Income Tax Credit that amounted to $860 million over a decade, to free debt counseling. Poverty rates plateaued on his watch,But parts of his legislative record, in addition to remarks about wealth and his own personal fortune —

He also vetoed three pieces of legislation aimed at improving conditions for low-wage workers — guaranteed paid sick days, a “living wage” for companies receiving city subsidies and higher pay for certain building service workers.

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