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Delusional Billionaire Mike Bloomberg Set to Break Ad Spending Records in Vanity Campaign

Bloomberg will drop $34 million dollars on political ads.

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Virtually no one in the United States wants Michael Bloomberg to be President.

But the delusional billionaire and former New York City mayor doesn’t care, pressing ahead in pointless, doomed vanity campaign and now dedicating a whopping $34 million in a national advertising buy that breaks the known record for a political campaign.

His ad buy is unprecedented in American politics. The closest example was a $30 million weekly ad buy by the Barack Obama campaign during the 2012 Presidential election.

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Bloomberg’s ads will begin running Monday in all but two of the continental 48 states.

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Bloomberg is running as a supposed centrist, hoping to oppose progressives such as Bernie Sanders and Alexandria Ocasio-Cortez within the Democratic Party. But it’s unclear what policies and proposals he’s actually offering American voters, other than a staunch commitment to draconian gun control policies he’s spent lavishly to promote in the past.

Bloomberg is the second billionaire vanity candidate to enter the Democratic primary, having filed statements of his candidacy earlier this month. Tom Steyer, another progressive mega-donor, has been running without gaining significant support since July.

Bloomberg may break more campaign spending records during his late campaign. It’s possible the former wall street investor will spend up to $500 million of his money on his campaign. He’s the 14th richest person in the world.

In an era where uber-wealthy individuals such as Bloomberg are wasting massive amounts of resources in arrogant, delusional vanity projects, many conservatives have begun to reconsider their support of the laissez-faire economics that allow neoliberal oligarchs such as the former mayor to compile vast, unnecessary hoards of wealth that could be otherwise be utilized by everyday American families and communities productively.

The Swamp

Texas Software Billionaire Charged in Largest Tax Fraud Indictment in US History

He’s accused of hiding $2 billion from taxes.

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A Texas software billionaire is being charged with tax evasion in a case federal prosecutors are describing as the largest incidence of tax fraud in American history.

79-year old Robert Brockman was charged in a 39-count indictment that includes charges of money laundering, conspiracy, wire fraud, and tax evasion, with an indictment being unsealed by the US Attorney for the District of San Francisco on Thursday.

Brockman is the CEO of the Reynolds & Reynolds Company, which develops software for automotive companies. He’s being accused of hiding more than $2 billion in capital gains from the IRS, utilizing a complex scheme of companies and trusts registered in notorious Caribbean tax havens such as the British Virgin Islands to conceal his wealth.

Brockman is alleged to have intentionally destroyed electronic devices, documents and other pieces of evidence that would reveal the nature of his tax avoidance system in the unsealed indictment. He was released from jail custody on a $1 million bond Thursday, and has plead not guilty to the charges.

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David Anderson, a San Francisco federal prosecutor, described the magnitude of Brockman’s alleged tax cheating setup at a press conference announcing the charges on Thursday. “The allegation of a $2 billion tax fraud is the largest-ever tax charge against an individual in the United States,” he said.

The evidence that led to the indictment of Brockman was largely obtained from another billionaire, Robert Smith. Smith agreed to a non-prosecution with federal authorities earlier this month for tax evasion of his own, providing information on tax avoidance schemes utilized by the ultra-wealthy.

Greed of this nature is absolutely sickening, if the allegations made in the indictment are legitimate. The IRS should relentlessly pursue billionaires such as Brockman and Smith, making their tax compliance the priority over “average” Americans.

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