A nonprofit backed by billionaire financier George Soros discretely donated $140 million in 2021 to various political causes illustrating, once again, that the U.S. is not a “democracy,” but rather a “duh-mocracy.”
Soros, the billionaire who is known for promoting Democrat causes and candidates, also contributed $170 million from his own fortune to political causes in the 2022 midterm elections.
TRENDPOST: The Trends Journal has reported on how politics is nothing more than a playground for billionaires who want to keep power-hungry politicians in their pockets. (See “THE BIGS OWN TWO-PARTY SYSTEM: BILLIONAIRES SPEND RECORD AMOUNT IN 2022 MIDTERMS,” 8 Nov 2022, “BILLIONAIRE’S BOY GETS DADDY’S MONEY TO RUN FOR SENATE,” 19 Jul 2022 and “U.S. ELECTIONS: A BILLIONAIRES’ CIRCUS,”28 Jun 2022.)
The money in politics means politicians are compromised. We have called for the rise of a viable third party in the U.S. in hopes to break from the grip of these billionaire political donors. Money buys access in Washington.
The Washington Examiner reported that Soros’s son, Alexander Soros, 37, has made “six separate trips to the White House since Biden assumed office and gained influence with Democrats in the last several years.”
The paper, citing visitor logs, reported that the younger Soros was in attendance at some of the White House’s top events, including the celebration of the confirmation of Supreme Court Justice Ketanji Brown Jackson and the state dinner with French President Emmanuel Macron.
Soros Leads the Way
Soros was the biggest Democratic donor in 2022.
In January 2022, Soros gave $125 million to Democracy PAC, which he called a “long-term investment.” Politico noted that the PAC is led by his son.
The elder Soros said the PAC aims to support “causes and candidates, regardless of party.” He said he hopes the investments strengthen “the infrastructure of American democracy: voting rights and civic participation, civil rights and liberties, and the rule of law.”
Sheila Krumholz, the executive director of the nonprofit Open Secrets, told The New York Times last year that the election season has broken records “with our broken records.”
She said the total spent on these campaigns—including non-billionaires—will come in at about $16.7 billion in 2021 and 2022. The number marks an all-time high. To put it into perspective, Americans spent $14 billion on midterms in 2018.
Of course, these numbers are likely much higher. The New York Times reported that the figures that were tabulated are likely to be underestimated because of a “complicated shell game—given to political organizations that in turn give to other political organizations—masks exactly who is giving how much to whom.”