Why?

Courtesy of NYT:

Michael R. Bloomberg is actively preparing to enter the Democratic presidential primary and is expected to file paperwork this week designating himself as a candidate in at least one state with an early filing deadline, people briefed on Mr. Bloomberg’s plans said.

Mr. Bloomberg, the former New York City mayor and billionaire businessman, has been privately weighing a bid for the White House for weeks and has not yet made a final decision on whether to run, an adviser said. But in the first sign that he is seriously moving toward a campaign, Mr. Bloomberg has dispatched staffers to Alabama to gather signatures to qualify for the primary there. Though Alabama does not hold an early primary, it has a Friday deadline for candidates to formally enter the race.

Mr. Bloomberg and his advisers called a number of prominent Democrats on Thursday to tell them he was seriously considering the race, including former Senator Harry Reid of Nevada, the retired majority leader who remains a dominant power broker in the early caucus state. Aides to Mr. Bloomberg also reached out to Gov. Gina Raimondo of Rhode Island, the chair of the Democratic Governors Association.

Mr. Reid said in a brief interview that Mr. Bloomberg had not explicitly said he was running for president but that the implication of the call had been clear.

I cannot think of too many things we need less right now than to have another billionaire inserting themselves into our nomination process. 

I would not be at all surprised if this decision was directly inspired by Elizabeth Warren’s rise in the polls, and Bloomberg’s fear that he may have to pay some real taxes in the near future. 

I am sick and tired of these arrogant assholes who think they have to ride in on their white horses to save all of us from ourselves with their vast wealth and superegos.