Krystal Ball: Influx of billionaire cash in 2020 contest is 'deeply corrosive' to 'civil society'

Hill.TV host Krystal Ball warned Thursday that billionaire candidates, such as Tom SteyerTom Fahr SteyerOn The Money — Presented by Wells Fargo — Senate approves Trump trade deal with Canada, Mexico | Senate Dems launch probe into Trump tax law regulations | Trump announces Fed nominees Steyer proposes cuts for low- and middle-income families' taxes Warren to Sanders: 'I think you called me a liar on national TV' MORE and Michael BloombergMichael Rubens BloombergBloomberg viewed as having best chance to beat Trump in betting market analysis Poll: Trump trails 2020 Democratic contenders in Michigan The Hill's 12:30 Report: Pelosi names impeachment managers as focus shifts to Senate MORE, could threaten to upend the Democratic presidential primary race and set a bad precedent.

“Just take a look again at those ad spend dollars,” Ball said referring to multimedia buys of Steyer and Bloomberg.

“Even the most committed capitalist ought to realize that if you want to have a country where you can prosper and flourish this type of world-historic inequality and ability to brazenly buy our elections, [it] is deeply corrosive and destructive to civil society,” she added.

Both Bloomberg and Steyer, who have each spent at least $100 million, have faced accusations that they’re trying to buy the nomination.

Last month, Sen. Elizabeth WarrenElizabeth Ann WarrenEx-Obama official on Sanders-Warren feud: 'I don't think it played out well for either of them' Former Vermont Governor: Sanders 'will play dirty' Hill.TV's Krystal Ball rips Warren over feud with Sanders MORE (D-Mass.), a top progressive in the 2020 race, accused Bloomberg of trying to use his money to influence the election.

“Michael Bloomberg is making a bet about democracy in 2020,” Warren said shortly after Bloomberg officially announced his candidacy. “He doesn’t need people. He only needs bags and bags of money.”

Sen. Bernie SandersBernie SandersEx-Obama official on Sanders-Warren feud: 'I don't think it played out well for either of them' Former Vermont Governor: Sanders 'will play dirty' Hill.TV's Krystal Ball rips Warren over feud with Sanders MORE (I-Vt.), another progressive candidate, also spoke out against Bloomberg’s entry into the race, saying billionaires like him are “not going to get very far in this election.”

Steyer, meanwhile, has pushed back against these accusations, saying he doesn’t think it’s possible to buy the president.

Bloomberg has addressed concerns about his wealth by announcing that he will self-fund his campaign and reject donations. The former New York city mayor also announced this week he also plans to donate $10 million to reelection campaigns of vulnerable Democratic House members.