George Soros: A Modern Philanthropist On A Democratic Mission

People like to talk about George Soros. His name is constantly in the news, and his books are popular all over the world. The stories about his willingness to donate money through his Open Society Foundation are true. George has given more than $12 billion to hundreds of organizations through the years. Those organizations promote democratic principles and freedom in countries that are far from free. Soros has millions of supporters who stand behind his ideas and principles, but just like any other well-known public figure, there are people who don’t understand or agree with his work. Learn more on Biography about George

Trying to describe the 86-year-old George Soros isn’t easy. He is one of the wealthiest people in the world, and he started his life poor, in Hungary. He is the son of Jewish parents, and he knows what it feels like to be under Nazi control. George was able to get away from the Nazi, thanks to his father. Soros started a new life in England, and in 1947 he began his studies at the London School of Economics. He graduated with a degree in philosophy. While he attended that institution, he read the works of Karl Popper. Popper is the man who introduced the concept of an open society to the world. Today, Soros has honorary doctoral degrees from Yale, the University of Oxford, and the Budapest University of Economics.

Know more: https://www.nytimes.com/topic/person/george-soros

Even though Soros is one of the top hedge fund managers in the financial industry, he is not as active as he was ten years ago. The Soros Family Hedge Fund still has billion in assets under management, but George is not the same capitalist who broke the “Bank of England.” George Soros is on a Democratic mission. He is putting his money and his influence to work to help put the Democratic Party in a position to run the country again. Even though George invested in Donald Trump’s Chicago hotel, he is against what Trump stands for in the political arena. George donated more than $12 million to Democratic candidates in the last election. Hillary Clinton’s PACs received a big chunk of that donation. Clinton is a friend, and she is a supporter of the Open Society concept.

Mr. Soros is not afraid to tell the European Union that they mishandled the migration crisis, and he is not afraid to tell the world that there is a major recession looming over the heads of developed nations around the world. Soros is right more than he is wrong, and he doesn’t back down when he is attacked by the media or a political enemy. Soros is his own man, and he wants the world to know that freedom and Democracy are alive and thriving. Know more on cnbc.com about George Soros.

Election Funding Reform Calls Grow Thanks To End Citizens United

In 2010, the U.S. election system underwent one of its most controversial and sweeping changes when the Supreme Court ruled on the Citizens United versus the Federal Election Commission case; like many people I was shocked when the ruling allowed almost unlimited financial backing to be provided by wealthy donors to Super PAC’s they could establish themselves or to groups supporting candidates. Like the organizers of the End Citizens United PAC I was concerned originally by the fact wealthy donors were given the opportunity to have a major influence on the way the policy choices of major parties and candidates could now be influenced by donors providing funding, in theory, in return for policies friendly to themselves or their business interests. In their campaign materials, End Citizens United explain their belief the undue influence of major political donors has shaped the landscape since 2010 and should be brought to an end by a decision to repeal the ruling and accompanying legislation that made sweeping changes to the political landscape of the U.S.

 

The call for U.S. election finance reform seems to have struck a chord with voters like myself across the nation who are turning to the End Citizens United group in a bid to attempt to force a change in the way politics are performed across the country. I have been shocked at the level of support the End Citizens United group has been given over the course of its life since its formation in 2015. I expected a high level of donations to flood in during the 2016 Presidential election cycle that saw the group reach $25 million in campaign funding, but I have been amazed at the latest figures released for the first quarter of 2017 that shows the End Citizens United group has already seen $4 million pledged this year.

 

Not only does the sheer weight of the money pledged make happy reading for those, like myself, who support the end of the Citizens United, but the fact more than 100,000 donors have provided support has shown me that growing numbers of donors are reaching out to new areas of political interest over the course of their lives. Added to the fact 100,000 donors pledged funds over the first three months of 2017 is the knowledge that an estimated 40,000 of these donors were first time givers to a cause that appears to resonate with millions of American citizens who are worried by the growing influence of a small group of wealthy individuals. Achieving the goal of around $35 million in donations by the time of the 2018 midterm elections now seems to be a possibility for End Citizens United as they become one of the major PAC’s on the left side of U.S. politics.