George Soros: A Key Figure in Democratic Reforms and Other Social Issues

With a net worth over $25 billion, George Soros is a renowned and successful investor in the US. He stands out from the rest due to his political views and investing a lot in leftwing politics. What makes this special is the fact that it is uncommon to come across leftist billionaires in politics. He is the name behind the Open Society Foundation. This foundation has put in place around $1.6 billion to assist in democratic development in Eastern European countries.

A similar amount has also been invested in the US to assist in immigration, criminal justice, and democratic matters. These efforts have seen Soros play an important role in supporting capitalism in the former Soviet states. George Soros lived through the Nazi occupation as a child. He was able to survive this alongside his family, who were able to assist many other Jews in surviving this period.

The experiences he went through during this period shaped him into what he is today. Especially his contributions towards refugees, migrants, and criminal justice reform. Soros’ liberal political standing has seen him tackle Republicans head on. For example, in 2004, he supported organized groups involved in blocking then President Bush’s reelection campaign. He also publicly stood against the Iraqi war. He has since also funded progressive groups and those advocating for democratic reforms in the country and around the world.

George Soros’ initiative, the Open Society Foundation looks to serve the interests of discriminated and marginalized groups. Sex workers, drug users and the LGBT community are among the beneficiaries of the initiative. Soros also experienced similar discrimination first hand during the Nazi occupation as a Jew. Later on, he went to London to study Economics before moving to America in 1956. In the US, he pursued a finance career and set up investments that saw his growth to his current status.

In 1970, Soros launched the Soros Fund Management, a hedge fund which spawned into a huge financial success. He has since been considered a great investor of his time. A huge portion of the money gained from the hedge fund was used to start the Open Society Foundation. The foundation currently covers over 100 countries around the world. Some of Soros initial philanthropic activities involved funding South African students’ education before shifting focus to the US. Read more on nytimes.com

Here, he has been able to offer scholarships to bright students from marginalized groups. He has also committed himself to helping unlawfully convicted people by providing relevant legal support. Soros’ philanthropic activities have extended to other organizations. The International Crisis Group is one of the many such organizations that he has supported. At the moment, George Soros continues to commit himself to the Open Society Foundation’s activities around the world.

End Citizens United Drive To Raise Campaign Finances

End citizens united is a new movement offering support to Democratic candidates. In a bid to popularize its operations, the organization set a target of $25 – $30 million to be channeled towards campaigns of independent candidates. End Citizens United managed to raise a total of $2 million from small donors. The group also embarked on a campaign to rally support for the bill on constitutional reforms to reverse the Supreme Court’s decision of 2010. The decision gave rise to the super PACs a move that allowed the flow of dirty money to finance campaigns.

 

According to the communications director of End Citizens United, the organization’s approach to campaign finance reforms was different from other PACs. The group’s support targeted candidates favoring the changes sought by the organization and those under attack by Koch Brothers, billionaires who support conservatives and other groups offering support for politics using dark-money. Rick Hasen, a law professor in political science and a campaign financial expert, described the move by End Citizens United as an important attribute that boosts public awareness and one that will pressure the Supreme Court and politicians to enhance a clean record in campaigns. Having more than 325,000 people sign the petition and over 136,000 registered donors, the organization’s popularity growth is undoubted.

 

End Citizens United targets to raise approximately $35 million for the upcoming Congress mid-term elections. The new target is a higher projection from the $25 million raised by the organization in 2016. Between January and March 2017, the team has managed to raise more than $4 million and hoped to meet the set target before the elections. Approximately 100,000 people have contributed to the PAC with 40,000 being new donors. The target amounts will be used in support of Democratic candidates to the Congress with intent to form “campaign finance reform Champions” according to the PAC’s chairman Tiffany Muller.

 

End Citizens United operates on the traditional model where individual donors can only give up to $5,000. Despite this, the organization managed to meet its target in 2016 to raise $25,000 and rank among the highest spending groups aligned with the Democrats. Adam Bozzi, the group’s spokesman, notes that they have created new ties with potential financiers who will provide a big boost to realize the set targets.

 

End Citizen United is currently seeking candidates to back in the 2018 elections, a move that will ensure more wins for the Democrats. First on the list of recipients was Jon Ossoff a Democrat and first-time political candidate. Ossoff’s congressional campaign received support with PAC urging contributors to give donations of up to $500,000. Jon Ossoff’s campaign targeted a special election called to fill the seat left vacant by Tom Price in the Republican House.