Former three-term New York Mayor Michael Bloomberg filed paperwork with the Alabama Democratic Party in Montgomery on Friday, placing his name on the ballot for a run at the presidency in 2020.

Bloomberg enters the race

Bloomberg filed in Alabama specifically because the state has an early filing deadline for a Super Tuesday contest that will be held on March 3, 2020.

Will Bloomberg stick it out all the way?

Even though billionaire businessman Bloomberg has filed the paperwork to become a candidate in Alabama’s Democratic presidential primary, one wonders if he will stick it out for the entire contest.

Many Democrats have already gained a significant head start in the four states that hold early contests–not to mention, they’ve spent months and months campaigning, both raising and spending a lot of money.

However, all that spending that has been done so far isn’t worrying Bloomberg.

Why is Bloomberg entering now?

Even though Bloomberg announced earlier this year he had no intention of seeking the party’s nomination, according to numerous sources, he now allegedly believes the Democrats have not offered a candidate that is strong enough to defeat President Trump in 2020.

Once Bloomberg becomes active in the race, his main targets are said to be senators Elizabeth Warren (D-MA) and Bernie Sanders (I-VT).

The pair of progressive senators have made it their agenda to target the wealthy as a funding source they claim will bankroll many of their socialist programs.

No money problems for Bloomberg

One thing is certain: Bloomberg is so wealthy, fundraising challenges won’t be a concern for him. In fact, in 2018, Bloomberg has already spent over $100 million to help ensure Democrats would obtain a majority in the House.

Last week, the Democratic victory that put them in control of both houses of the Virginia legislature was also Bloomberg-backed.

Warren sends Bloomberg link to her wealth tax calculator

When Bloomberg announced he was considering entering the 2020 Democratic presidential primary race, Massachusetts Senator Elizabeth Warren sent him a reminder that she wasn’t backing down on her plans to tax the wealthy.

Warren tweeted, “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.”

She linked to her campaign’s “wealth tax” calculator.

The next day, she posted a photo of Bloomberg hanging out with Amazon’s billionaire owner Jeff Bezos.

Warren tweeted: “One billionaire calls another billionaire and asks him to run for president—I’m shocked! Here’s the deal: Companies like Amazon have too much power, and billionaires like @JeffBezos and @MikeBloomberg should pitch in so that everyone can succeed.”

In yet another tweet, Warren put Bloomberg and other billionaires on notice, writing, “The status quo is working great for the wealthy and the well-connected, but not so much for everyone else. Big, structural change is coming—and I’m not afraid to fight for it.”