Bloomberg is running in part because he opposes the progressive candidates' "extreme wealth taxes" which would see him paying $3.7b under a Sanders presidency, $3b under a Warren presidency or $512m under a Steyer presidency -- per year.That $32m that Bloomberg has dumped into his ad-buy? It’s 1.1% of the tax bill he’d owe under Warren in the first year.
Bloomberg’s attempt to stop left wing candidates is a business expense.