Published: Tue, July 09, 2019
Worldwide | By Isabel Fisher

Billionaire Tom Steyer officially announces presidential bid

Billionaire Tom Steyer officially announces presidential bid

"The only thing Steyer's campaign will do is light more of his money on fire as he joins the rest of the 2020 Democrat field in pushing policies that are way outside the mainstream", RNC spokesman Steve Guest said.

Today, Steyer is worth a whopping $1.6 billion, according to the outlet.

Steyer noted that he has signed the billionaire "giving pledge" to give away half his wealth while he's alive for good causes.

"We have a society that's very unequal and it's really important for people to understand that this society is connected", Steyer said in the video. "If this is a banana republic with a few very, very rich people and everybody else living in misery, that's a failure".

Steyer has dedicated himself to politics and the environment since 2012, when he sold his stake in his company. He also leads NextGen America, a climate-oriented advocacy group. He also launched the Need to Impeach campaign in October 2017 to urge Congress to begin impeachment proceedings against President Donald Trump. Citizens United held that the federal government can't ban the showing of a movie that is critical of a politician running for office-in that case, Hillary Clinton.

As he seeks the presidency, Steyer is resigning his leadership positions in both NextGen America and Need to Impeach. "That is how we will define success".


Steyer has previously said he disagreed tactically with Democratic leaders' approach to dealing with President Trump.

But while his impeachment rhetoric and anti-corporatist positioning will surely resonate among many Democrats, Steyer will likely have to confront some cognitive dissonance as a billionaire in a crowded field of populist contenders, some of whom say that such personal wealth should not even exist. He has not commented since Mr Steyer's campaign launch.

On Monday, Steyer remained hushed about his bid but continued to slam Trump on Twitter and share his views on issues including the environment.

Steyer is one of 24 Democrats in the race, and he enters the race late, after the first Democratic presidential debate. "Climate justice is economic justice is migrant justice".

Tom Steyer has changed his mind. Instead, he said his campaign will focus on reducing the influence of corporations in politics.

Without mentioning him by name, Elizabeth Warren not-so-subtly tweeted, "The Democratic primary should not be decided by billionaires, whether they're funding Super PACs or funding themselves".

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