Facts About George Soros You May Not Know

As the 400th richest person in America, George Soros is worth more than $24 billion. The 85-year-old Hungarian billionaire is also a philanthropist and gives too many liberal causes. To the outside world, he is a shrewd business man. But to his family, he is a loving husband, father, and grandfather. It’s not all work with this guy, but here are some interesting facts you may not know.

  1. Did you know that he has given away more than 45 percent of his net worth? In total, Forbes estimates that he has donated more than $734 million to charities. He is right up there with donors like the Gates, Mark Zuckerberg and Warren Buffet. Know more on Investopedia about George Soros.
  2. He has played a critical role in financing the Ferguson, Missouri protest movement. He has given at least $33 million to this project. This one-day criminal event was turned into a 24 hour a day celebration. He is a part of the Missourians Organizing for Reform and Empowerment. He is also affiliated with the Organization for Black Struggle, and other “grass-roots” organizations in this state.
  3. The Drug Policy Alliance or DPA also receives about $4 million a year from the Soros Foundation. He helped to fuel the Ferguson demonstrations by using another company he backs called the Gamaliel Foundation. George Soros is a driving force in the war against drugs.
  4. Most people think Soros came from money. However, he started out in poverty. He was under communist rule and a teenage refugee in England. He began his career by working on a railroad and working as a waiter. Some compared his humble beginning to that of Oprah.
  5. He is a well-educated man. He has a Ph.D. in philosophy from the London School of Economics. His original goal was to become a philosopher, but the world had other plans for him.
  6. His birth name was György Schwartz. His family feared persecution during the pre-WWII phase. So, they change their name to Soros to avoid any anti-Semitism.

Learn more: http://www.discoverthenetworks.org/individualProfile.asp?indid=977

  1. His name was given with meaning. The last name Soros simply means that he is destined to go far. His father chose this name because of its denotation. It was originally pronounced Shorosh when he lived in England. However, Americans settled on the current pronunciation and it has remained the same ever since.
  2. He is fluent in many languages, including Esperanto. This 19th-century language was taught to children in Siberia when their father was a prisoner of war. This language helped him to escape Soviet Hungry at the age of 17 years in 1947.

There are so many fascinating things about Soros life that people don’t know. His work in Missouri to clean up drugs and stop rioting has not gone unnoticed. Visit his site to know more at opensocietyfoundations.org.

End Citizens United: The PAC That Wants to Amend the Constitution

End Citizens United, which is a political actions committee, wanted to play a significant role in the 2016 U.S. elections. Its aim was to funnel tens of millions into the election campaigns of Democratic candidates in Senate and House races with an end aim of bringing about finance reforms in the country.

 

The PAC, officially launched in August 2016, had managed to raise over $2 million mostly from small donors. It foresaw being able to rake in $25 to $30 million during the election cycle according to it Communication director.

 

How it Hopes to Achieve Finance Reform

 

The primary aim of this group is to amend the Constitution to reverse the Citizens United ruling by the Supreme Court. The ruling unleashed the use of dark money in US politics. By August of 2016, the PAC had gathered about 325, 000 signatures for its petition demanding that Congress amends the Constitution. The group then partnered with the “Ready for Hillary” group and rented its mailing list to reach out to over 4 million people.

 

The PAC announced that it had endorsed 11 Democratic candidates that include the likes of Sen. Michael Bennet from Colorado and former Sen. Russ Feingold from Wisconsin. While other groups have tried to address campaign finance, this PAC feels it is different since it is addressing the political side of things. Thus, there will be people in Congress who can stand up to Citizens United.

 

How It Spent Money

 

Part of the PAC’s plan entailed setting up an expenditure arm to back its preferred candidates through actions such as direct mailing, televised ads, or polling. While the Pac would love to see reform at the state level, its main aim is overturning the Supreme Court decision of 2010.

 

However, getting such an amendment passed in parliament is not an easy matter. In fact, not a single constitutional amendment has been passed since 1992. According to a campaign finance expert, the better route would be to get a favorable Supreme Court Justice who believed in the PAC’s cause. However, he did note the PAC played a major role in keeping the debate on campaign financing alive.

 

About End Citizens United

 

The group’s sole agenda revolves around the 2010 Supreme Court decision in Citizens United v F.E.C. That ruling established an idea that a corporation was a person. The result was that it opened the floodgates for billionaires and special interest groups. Consequently, they could spend as much as they wanted on campaigns without the fear of any consequences.

 

The PAC aims to fight this ruling until it is overturned. They aim to show that people at the grassroots level are fighting the influence of big money on American politics. As a result, they will have managed to dismantle a political system that they believe is rigged for billionaires.