The political landscape of the United States is filled with many different powerful and influential personalities, but one of the political figures that need special mention is George Soros. He has single-handedly supported and funded many causes he believes in and as a democratic supporter for years; he has pumped millions into the political campaigns of Democratic Party. George Soros is known for many reasons, starting with his highly successful hedge fund company to a successful career as a hedge funder and from being the financial backbone of Democrats to his unmatched philanthropy. Till date, George Soros has given $12 Billion in charity, which is one of the biggest amounts ever to be given to charity and for the social welfare. George Soros firmly believes in giving back to the society and he continually makes efforts in ensuring that he is able to do enough to empower the local and global communities that are in need of help. Read more on NYTimes.com
George Soros in order to monitor and manage his philanthropic efforts has a foundation named Open Society Foundation, which is regarded as one of the wealthiest charitable foundations of all times with the base funding of $2 Billion provided by George Soros. George Soros provided an estimated $30 million in the 2016 Presidential Election to the Clinton campaign and offered to provide more if there is a need. However, even after all he could do to support Clinton, Democratic Party was defeated by the Republican candidate Donald Trump, who George Soros has openly shown disliking for. It is primarily because of the rigid and one track policies of Trump’s administration that George Soros feel has the potential of derailing many of the social reform projects that he and his organizations has been working on.
George Soros recently pledged $500 million to provide to refugees, minorities, and immigrants to help them start a business of their own or to help their existing business grow. Investing in the business started by the immigrants and refugees, Soros feel, would motivate them and help them sustain the financial uncertainty they are going through at the moment. George Soros believe that the problems such as racial disparity, justice bias, and prejudice against minorities are increasing like never before in the country, and there needs to be a system in place to keep these things from aggravating any further. It is for this reason he believed Clinton was the right candidate as Soros felt that Clinton could have managed these affairs seamlessly. However, Soros has sincere doubts as to whether the Trump’s administration would be able to meet the expectations of the people of the United States and keep the society united.
Read more: http://www.politico.com/story/2016/07/george-soros-democratic-convention-226267
George Soros, having survived two World Wars and seen some of the historic political events in the world, has developed a worldview that has a much broader horizon than the normal point of view people carry. It is for this reason he continues to work towards the causes he believes in and back the political candidates who champion the causes he believes in. Know more about George Soros on Investopedia.
Political donors are focused on putting their wealth on mighty presidential and congressional candidates. However, the Democratic super-donor, George Soros, has shifted his eyes to the 2016’s under-the-radar campaign to reshape the justice system of America. Justice is regarded as one of the core values of the progressive movement. George Soros is a traditional supporter of Hispanic and African-American candidates. He supports those whose campaigns run on agendas like reducing racial disparities through directing some of drug criminals to diversion programs instead of putting them to trial. George Soros has been involved in different community activities. He stands for values that impact positively on the society.
The mega-financier has invested over $3 million into seven campaigns of the local district attorney in six states in a year. This value is more than the total amount that his major competitor donors have spent on presidential campaigns in 2016. This act is a major milestone in his effort to identify and support contests that aim to bring reform in the American criminal justice system. His objective is to finance these candidates and enable them to secure positions that have been occupied for long. In addition, he seeks to support individuals that serve as connections to the federal courts. George Soros has also financed district attorney campaigns in Illinois, Florida, Louisiana, New Mexico, Texas, and Mississippi. This will be done through a national 527 unlimited-money group and a network of super PACs of the state level. According to information provided by the federal finance records and public state, George Soros gives money to the organizations directly. However, some receive funds from non-profit groups.
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Due to high hostilities experienced in different initiatives that George Soros supports like criminal justice reform, religious tolerance and immigration reform, he has actively engaged in politics in 2016. This was evident in his firm willingness to support Hillary in order to beat Trump, a man he claimed works with ISIS by instilling fear into people. After spending aggressively in 2004, in an effort to beat George Bush, Soros maintained a low profile but he has reemerged as the top donor in 2016’s campaigns. The billionaire committed over $25 million to support Hillary Clinton, including other Democratic causes and candidates. This is according to information given by his associates during interviews and information provided in the Federal Election Commission records. Views from some of his associates indicate that Soros was expected to give even more towards the elections.
His overwhelming donations were not only influenced by his willingness to beat Trump, but his good friendship with Hillary Clinton. He has known Hillary for over 25 years. At one time, George Soros planned to attend the Democratic Convention to witness her accept the nomination, but failed due to other commitments. His strong faith in Hillary Clinton has also motivated him to give more towards the cause. As an active trader, George has always been monitoring Europe’s economic situation. He made a fortune of $24.9 billion from risky currency trades. George is a consistent financier of Democratic contests.
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