George Soros is a force to reckon with in the business world, and this has led to the creation of false theories that have no basis. His philanthropy work all over the world and the huge wealth that he has amassed over the years has led to the belief that he controls the world’s wealth. According to the business insider, this is because of his open support of liberal groups and their different causes. Soros, who is currently 86 years owns a successful hedge fund and his net worth amounts to billions of US dollars. He was famous for amassing a billion dollars in profit overnight after betting against the British pound back in the 1990s, and it broke the England monetary system. He did the same when Asia was going through a financial crisis, which made him a lot of profits in the process.
25$ billion is the current net worth of George Soros, according to the business insider. He has not been one to shy off from supporting his causes; in the past, he has been known to give monetary support to various political groups. He has also spoken out against political issues that he was not in support of such as the Iraq war. Due to this outspoken nature and support, many have claimed that he wants to influence political decisions. But far from this, the truth of the matter is, he has been donating a lot of funds to democratic causes all across the world, and other billionaires have been known to do so. Visit Project Syndicate to learn more about George.
The Open Source Foundations has quoted George as one of the most prolific philanthropists in the world. Soros has given out $12 billion towards different philanthropic causes as noted in an article in the open society foundation. The financing has gone to both individuals and groups all over the world. He has gone into the record book for supporting the education of South African students during the apartheid rule. Some of the other causes he has supported include, fight for freedom, transparency, a fair government and equality for all despite backgrounds or economic status. Know more on investopedia.com about George Soros.
Having been a victim of discrimination himself, he is passionate about the causes he supports. As a teenager, he nearly suffered execution in his native home, Hungary by the Nazis together with his family for being a Jew. He, later on, helped other Jews to escape the executions by the Nazis, which saw more than 50 000 Jews lose their lives. He has also been known to support the rights of the marginalized such as sex workers, LGBTI, and even drug users. To date, he continues with his philanthropy work, helping the marginalized find justice, give education to the poor and also support various political ideologies.
End Citizens United, the famous Political Action Committee (PAC) is on a mission to make a significant impact in the upcoming Congress elections in 2018. Since it founded in the year 2015, the PAC has garnered the attention of many people with its mission and action plans. In a recent confirmation, the president and executive director of the group, Tiffany Muller confirmed that it is planning to raise around $35 million before the midterm elections to the Congress next year. She also revealed that the PAC has already raised $4 million during the first quarter of 2017, which is considered to be a great leap for the group which has set a ceiling for the contributions.
To align with the mission of PAC, it accepts a maximum of $5,000 from an individual and keeps the data transparent. It should be noted that the PAC was set up in the wake of 2010 Citizens United verdict by the Supreme Court that recognized the corporate groups and unions as citizens. The verdict paved the way of unaccounted and uncontrolled cash into the election campaigns from the day. The super-rich and corporate groups pumped large chunks to political campaigns to make sure their desired candidates winning the elections to make profits from political advantages. Obviously, this was against the wish of the ordinary people and was not effectively representing the American democratic processing. To fight and control this, a group of political activists founded End Citizens United.
Since it founded, End Citizens United tried to play bigger roles in the political arena with a mission to bring legislation that ensures reform in campaign finance. By raising the targeted amount, the PAC is looking to elect maximum candidates who are supporting its mission to the Congress in 2018 election. By sending maximum candidates, the PAC is hoping to make the legislation that can control the unaccounted money flow into the election process. Per Tiffany, the PAC is highly influencing the people with its mission. “People now feel that the system is worked out against them, and super rich or corporate with massive contributions have a better influence in the system,” Muller said. “Now, the common people woke up to fight back.”
The target of $35 million is a great achievement considering the 2016 Presidential Election raised $25 million, and within two years a more amount is being targeted. In the 2016 Presidential Election, a number of like-minded candidates received the support and assistance from End Citizens United. The group is also fighting back the policies of Donald Trump and even worked with Republican Senators to vote out Betsy DeVos from being the United States Secretary of Education. The PAC favors Democrats over Republicans in campaigns as it feels that the ideologies and policies of Democrats are better supporting the reform in campaign finance.