Yang on potential Bloomberg 2020 entrance: ‘It’s probably going to change the price of advertising’

Democratic presidential hopeful Andrew Yang quipped that the possible entrance of billionaire Michael Bloomberg into the 2020 race will probably “change the price of advertising.” The comments came before the entrepreneur expressed his enthusiasm for the former New York City mayor joining the race. 

“It’s probably going to change the price of advertising,” Yang joked to CNN after he was asked what affect a Bloomberg candidacy would have on the contest. {mosads}

“Mike has a very valuable perspective to offer,” Yang added. “I’m glad that he’s looking at the race.”

Yang was then asked how he would explain to Bloomberg why he needs $1,000 a month under the entrepreneur’s proposed universal basic income plan. 

“It’s opt-in, so he doesn’t need to take it. Knowing Mike he probably wouldn’t.” Yang said. “Though you don’t get to be a billionaire by turning down $1,000 a month.”  

2020 candidate @AndrewYang jokes that if former New York City mayor Michael Bloomberg were to enter the presidential race “it’s probably going to change the price of advertising.”https://t.co/3LUznoJZRy pic.twitter.com/BRtsuMkgWr

— New Day (@NewDay) November 8, 2019

Multiple news outlets reported Thursday that Bloomberg was preparing to file paperwork to declare his candidacy in Alabama’s presidential primary. 

In response, Montana Gov. Steve Bullock (D) and the campaign manager for Sen. Bernie Sanders (I-Vt.) opined that the race doesn’t need another billionaire. 

Sen. Elizabeth Warren (D-Mass.) welcomed him to the race by referring him to her “Calculator for Billionaires” to show him how much he’d pay under her proposed “Ultra-Millionaire Tax.”