Former New York City Mayor, billionaire and liberal activist
- businessman, politician, author and philanthropist; estimated net worth $53.2 billion
- born February 14, 1942, Brighton, Mass.
- graduated 1964 Johns Hopkins (BS); graduated 1966 Harvard Business School (MBA)
- mayor of New York City, 2002-2013 (three terms)
- As a philanthropist, he has donated $8 billion to gun control, climate change and other causes.
In early 2019, Michael Bloomberg said Medicaid-for-All is financially impossible but covering the uninsured in the United States is not.*
As mayor, Bloomberg extended the city’s smoking ban to all commercial establishments and implemented a ban on trans fats in all restaurants and required them to post calorie counts on menus.**
*”I think you could have Medicare-for-all for people who are uncovered, but that’s a smaller group. But to replace the entire private system where companies provide health care for their employees would bankrupt us for a very long time.”
Bloomberg pledged at least $50 million and helped found Everytown for Gun Safety in 2014 to “end gun violence and counter the Washington gun lobby.” The group places its focus beyond Congress, to bring attention to state elections and corporate boards, “fields of play formerly occupied almost solely by the gun lobby.” The group has 350,000 financial backers.*
On March 5, 2019, Bloomberg announced that he would not run for president but would instead push to move the country “toward a 100 percent clean energy economy” and away from natural gas, oil, and coal.*
As mayor, Bloomberg received pledges from 10 major companies — Google, JetBlue and joining 17 city universities and 11 hospitals — to reduce their greenhouse emissions in their New York City offices places at least 30 percent in 10 years.**
Immigration/child-parent separation, detention and border wall
Bloomberg supports a pathway to citizenship for undocumented immigrants.
He supports using a federal database using DNA and fingerprint technology to keep track of all US workers and verify their legal status.*
He believes that border controls fight the natural forces of supply and demand.
“You might as well sit on the beach and tell the tide not to come in.”**
Economy/minimum wage/income inequality
On wealth inequality in New York, Mayor Bloomberg said in 2012, “What we really have here is… a gap in education.”*
Bloomberg says low interest rates have exacerbated the income gap between poor and rich.
Bloomberg says he has never been in favor of raising the minimum wage but instead raising the Earned Income Tax Credit.
Education/student debt/free tuition
On November 18, 2018, Bloomberg donated $1.8 billion to Johns Hopkins University to assist students with financial aid.*
The former New York City mayor earned a bachelor’s degree from Johns Hopkins in 1964, using federal student loans and a campus job to help pay his way.
*”Denying students entry to a college based on their ability to pay undermines equal opportunity.”
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