This post from Gothamist shows exactly why Bloomberg shouldn’t be allowed to run again – because it shows how an endless incumbency allows for a manipulation of city resources to control elections. Bloomberg (or whoever wants to be Mayor-for-life) can game around money to deputize the entire political class of New York to work for him. Bloomberg’s manipulation of Mayoral money – and his re-distribution of money towards friendly charities – shows how incumbency creates an uneven playing field, and not some sort of competition that the best candidate necessarily wins.
In fact, Bloomberg’s vast wealth makes him particularly dangerous as a three term or more mayor. Rather than a temporary guard against financial crisis, a vastly wealthy mayor creates a long-term threat to democracy, because he can devote $30 million+ of his huge huge wealth to every election he runs, indefinitely. Even outside of the question of overriding *2* voter referendums, Bloomberg’s bid poses a threat to the (meager) democratic system in New York City