Billionaire investor George Soros is again venturing into the political arena, at least behind the scenes, and donating heavily to the candidates and causes near and dear to his heart. Not since 2004 when he donated $27 million to defeat then president George W Bush has the 86-year-old given so generously to candidates and various causes. After the 2004 election Soros took a step back and didn’t donate quite so much to political causes. Not necessarily because he was disheartened by the outcome, but because he felt that no one person should be able to influence the country’s politics. Which is why he pledged $5,000 to End Citizens United. Pushing for campaign finance reforms that will keep political candidates from being “bought” by a few wealthy investors.
This time around George Soros is as motivated by stopping Donald Trump, who he has accused of “doing the work of ISIS”, as in helping long time friend Hillary Clinton. He has given $25 million to the Clinton campaign as well as to other Democratic candidates. Among the causes he feels deeply about are immigration reform, and abortion rights. He has given $1.5 million to each candidate for the Senate that supports Planned Parenthood as well as to super PACs that support abortion rights. He has also donated $5 million to the super PAC Immigrant Voters Win on project-syndicate.org, $5 million to the nonprofit organization Voting Rights Trust, and $2 million to the voter mobilization group America Votes.
There are many things a billionaire can do with his money. George Soros chooses to invest in the causes he feels are just. He understands the risks of investing but feels sometimes the rewards are worth the risks. When fighting for the rights of others who cannot fight for themselves the risks are well worth fighting for. In 2005 Soros played an important role in the formation and launch of the Democracy Alliance. This very private club of wealthy liberals works to move money from short-term fights to long-term battles outside of party lines. The causes they help are issues not necessarily within the Democratic Party, but important to many of its members. Important issues like income inequality or climate change. They also deal with the problem of big money in politics. The very real danger a few wealthy individuals can influence the laws of the country with their bank accounts.
It is said that you can tell what is important to a person by where they spend their money. George Soros may have been born in Hungry, but he is an American who loves his country. He’s seen how one man with too much power can harm a nation and its people. By donating to the causes and candidates he believes in he uses his wealth for good.