Progressive billionaire activist George Soros is going all-in on the 2020 election, planning to double the expenditures he made during the 2016 cycle, as a report in the Washington Free Beacon suggests.
According to publicly available records, Soros has already dumped $40 million dollars into Democracy PAC, a group that funnels money to other progressive political action committees (PACs) seeking to oust President Donald Trump and Republicans in Congress, Breitbart reported.
Soros goes all-in
Soros is well known for spending millions on candidates and interest groups around the world as a means to advance his radical worldview, and now he is reportedly pouring an obscene amount of money into the November election in the United States.
According to the Free Beacon, one Republican operative said of the situation, “While Democrats across the country sanctimoniously rail against the influence of dark money in politics, their party’s largest donors are bankrolling a massive web of liberal organizations to get them elected.”
“George Soros’s unprecedented spending further highlights just how dependent Democrats are on contributions from billionaires, despite their hypocritical rhetoric,” the GOP operative added.
Democrats have set themselves up as the champions of the working class, but the reality is that they are funded funded by billionaires.
Figures on the left ranging from House Speaker Nancy Pelosi (D-CA) to Sen. Chuck Schumer (D-NY) have received substantial injections of financial resources from Soros over the years, and groups such as pro-Biden PAC Priorities USA Action and the hard-left Win Justice coalition have also benefitted from his largesse, according to the Free Beacon.
Soros is surely desperate to avoid a repeat of the 2016 election when Hillary Clinton was defeated in stunning fashion, despite the monetary support he devoted not just to her campaign, but to liberal candidates and causes in races across the country.
Big money talks
The Washington Post previously reported that as of 2018, a mere eleven donors had been responsible for putting $1 billion into U.S. elections via super PACs since 2012, highlighting the disproportionate political influence these groups regularly have on America’s political contests.
While elections can’t be directly bought, the candidates who attract the most funding tend to have a demonstrable advantage over those lacking in such resources.
American elections have become far too heavily influenced by the agendas and policy priorities of a handful of billionaires, as has been evidenced by the substantial roles played by ultra-rich candidates such as Michael Bloomberg, Tom Steyer, and even President Trump himself.
For regular Americans, the concern that their voices are being drowned out by big money is very real, and as such, it may be time to take legislative steps to limit the ability of Soros and his ilk to exercise outsized leverage on our political system.