As a young man in Hungary, George Soros escaped Nazi persecution and found a better life in America. He studied business and finance and became a billionaire, thanks to his wise investments in foreign currency. Because of his experiences in the past, 85 year-old Soros is a champion of human rights, religious tolerance, and immigration reform. He is a renowned political donor.
Politico.com published a recent article concerning Soros and his return to political funding. Donating to political campaigns is nothing new to Soros. He rose to prominence during the election of 2004, when he donated a total of $27 million to various Democratic campaigns. Soros was especially supportive of Presidential candidate John Kerry, who was running against Republican George W. Bush.
After Bush won the election, Soros was not as financially active in the political arena, says the article. He pushed a lot of his money to his global charities. They represent many of his progressive ideas, such as human rights, education, health care, and corrections reform. Even though his political funding was not on the grand scale of 2004, George Soros continued to give to various Democratic causes, says the article.
George Soros has been concerned with the threats to progressive issues over the past decades. He takes issue with some prominent people in the G.O.P. and fears that the nation could go backward in social progress. His political advisor, Michael Vachon, was quoted in the article as saying how high the stakes are in the 2016 election. Therefore, Soros increased his political support.
Due to his concerns, George Soros contributed at least $27 million to campaigns in the Democratic Party. He has enjoyed a good rapport with Bill and Hillary Clinton for nearly 25 years, says the article. A large portion of his donations has supported the Clinton campaign. These figures were made public by the Federal Election Commission. Soros may consider donating more as the election gets closer, says some of his close associates.
He had intentions of going to this year’s Democratic Convention. It is something that he has not done, in spite of being a regular donor. Soros has been concerned about the European economy, and wanted to keep an eye on it during the elections, says the article. He did not get to go to the convention.
George Soros has been outspoken in his criticism of Republican policies. The article says that he is leery of Republican candidate, Donald Trump. Soros says that much of Trump’s rhetoric and G.O.P. policies promote fear, which he says is pleasing to the self-proclaimed Islamic State. These concerns have motivated Soros more than he has been since 2004, say sources close to him.
Soros is viewed as an example by the Democratic Party. When other high-profile donors see his support, they may opt to make donations. So far, there have been several wealthy donors who have stood with George Soros. The article says that thanks to their contributions, the Democratic Party has a larger fund than the G.O.P.
George Soros has been part of the political scene for years. He has generously sponsored groups that uphold his progressive ideology. Because he sees the importance of the 2016 election outcome, Soros has again been a major contributor to Democratic causes, the article says.
Learn more about George Soros at OpenSocietyFoundations.org