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Michael Bloomberg (image by AFGE  via Wikimedia Commons) Billionaire business mogul and ex-mayor of New York City Michael Bloomberg is reportedly preparing to enter the Democratic presidential primary  . Last March Bloomberg had ruled out running for president, but he is now "increasingly concerned that the current field of candidates is not well positioned" to defeat President Trump, as his adviser Howard Wolfson told NPR. Wolfson was a high-profile aide on Hillary Clinton's 2008 primary campaign. What exactly prompted Bloomberg to change his mind is not clear, but it is possible that he feels increasingly concerned about the rise of left-wing candidates Bernie Sanders and Elizabeth Warren. Other wealthy individuals, like Bill Gates, have recently expressed their opposition to wealth tax plans. Bloomberg's entry into the primary race clearly shows what is wrong with the American political system, dominated by elites who think that the US gover