Bloomberg on Millionaire Candidates

This tidbit from Mayor Bloomberg on millionaire candidates (via Empire Zone):

Being wealthy doesn’t guarantee you get elected. Two years ago I think there were 22 millionaires running for Congress, and only two got elected. So money is certainly helpful but is hardly the end-all and the be-all...I suggest that anyone who goes into office first go out and become a billionaire. It does make it a lot easier. But you still have to do a good job — the public’s not that stupid.

The Mayor and the Speaker of the City Council are trying to tighten up New York City's campaign finance laws to ban "pay-to-play" contributions to candidates from those seeking city contracts.