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US Presidential candidate Michael Bloomberg vows to refuse donations salary, for effort.

NEW YORK: Michael Bloomberg won’t accept political contributions if he runs for president and he will not take a salary if he wins, according to senior aides who offered new information on Saturday about the New York billionaire’s intends to navigate his wealth as he marches toward a formal 2020 statement.

“He’s never taken a political participation in his lifetime. He’s not about to start,” Bloomberg main adviser Howard Wolfson said in a meeting. “He cannot be bought.” Among the men Bloomberg, on the planet is sending every sign he has decided to enter the crowded Democratic presidential main election.

In recent days, he has created a presidential campaign committee with the Federal Election Commission and qualified in at least three states. Bloomberg’s staff has booked over $30 million in television advertisements set to begin conducting Sunday in many primary states.

The movements, just 10 weeks prior to primary voting begins in Iowa, reflects his concern that the Democratic field is not well-positioned following fall to defeat President Donald Trump. As the political world awaits his formal statement, bloomberg’s wealth has emerged as a central issue. He’s estimated to be among the 10 richest people in the world.

“I’m disgusted by the concept that Michael Bloomberg or any billionaire believes they can circumvent the political process and spend tens of millions of dollars to buy elections,” Democratic presidential contender Bernie Sanders, a Vermont senator, wrote Friday on Twitter.

“If you can not build grassroots support for your candidacy, then you don’t have any business running for president” Another Democratic candidate, Minnesota Sen. Amy Klobuchar, swiped at Bloomberg as she campaigned on the weekend in New Hampshire.

“He did not wish to take care of all of this grassroots campaigning from the beginning, you know that is on him.

Bloomberg’s staff insists that his wealth enables him to be more responsive to the concerns of everyday people because he is not beholden to special interests. Wolfson stated Bloomberg would work as president for just $ 1 per year, when he was New York City mayor for at least a decade, as he did.

The message on money of bloomberg is the exact same one used by Trump in his 2016 effort, although Trump finally accepted millions of dollars. Each quarter is donated his wages by trump to departments of the national government. Bloomberg”is wholly independent of special interests, won’t take a dime at any contribution, and never gets in any of his three races,” Wolfson said.

The choice to refuse contributions would make it impossible for Bloomberg to engage some sanctioned Democratic debates if he run. The principles of entry, as determined by the Democratic National Committee, currently require participants to meet a polling threshold and raise donations. Any money Bloomberg increases and spends on his ambitions will come from 1 place: His pocket.

Just how much is he willing to spend?

“Whatever is necessary to defeat Donald Trump,” Wolfson said.

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