Warren welcomes Bloomberg into race by sharing her ‘calculator for billionaires’

Sen. Elizabeth Warren (D-Mass.) welcomed billionaire Michael Bloomberg to the Democratic primary race by referring him to her newly launched “Calculator for Billionaires.”

{mosads}”Welcome to the race, @MikeBloomberg!” Warren tweeted Thursday evening.

“If you’re looking for policy plans that will make a huge difference for working people and which are very popular, start here.” 

Attached to the tweet is a link to Warren’s “Calculator for Billionaires,” which was released earlier on Thursday. 

Welcome to the race, @MikeBloomberg! If you’re looking for policy plans that will make a huge difference for working people and which are very popular, start here: https://t.co/6UMSAf90NT

— Elizabeth Warren (@ewarren) November 7, 2019

The web tool allows voters to see how much some of the country’s most prominent billionaires would pay in taxes under Warren’s new tax plan, which features a two percent tax on household net worth between $50 million and $1 billion, and a three percent tax on net worth above $1 billion. 

Ironically, Bloomberg, who has a reported net worth of $52 billion, is one of the billionaires you can choose from on the tool. According to Warren’s calculator, the 77-year-old former Mayor of New York would pay $3.079 billion in taxes next year.

Bloomberg hasn’t officially launched a campaign yet, but sources said Thursday that he is completing the necessary paperwork to appear on Alabama’s Democratic primary ballot.