From the book, A Defense of the Constitutions of government of the United States of America, by John Adams, pretty much described Bloomberg and his ilk.
Quote (from the conclusion, 2nd Par.):
"There is no remedy for this, but in a convention of deputies from all parts of the state: but an equal convention can hardly be obtained, except in times like those we have lately seen, when the danger could only be warded off by the aid and exertions of the whole body of the people: when no such danger from without shall press, those who are proud of their wealth, blood, or wit, will never give way to fair and equal establishments. All parties will be afraid of calling a convention; but if it must be agreed to, the aristocratical party will push their influence, and obtain elections even into the conventions for themselves and their friends, so as to carry points there, which perhaps they could not have carried in the assembly."