The Citizens United verdict of the Supreme Court in 2010 was a major setback for the fair and transparent electioneering system of the country. It was orchestrated by the leading counsel and Republican Party National Committee member, James Bopp. He was utilizing the case of a small non-profit group with conservative views named Citizens United to change the fate of the election financing laws.
Shockingly, the ruling of the Supreme Court rewrote the campaign-finance law that was fundamental for more than 100 years. Also, the ruling extended the first Amendment Rights to corporations as well. Additionally, the Court called the corporations as “persons” by stating that the corporations are similar to ordinary voters and restricting them from funding to defeat a particular candidate is unconstitutional.
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Similarly, James Bopp has used obscure cases to change the election campaigning finance regulations. Interestingly, he was challenging both federal and state campaign-finance laws. Surprisingly, Bopp uses small, mostly, non-profit organizations to expand the loopholes in the law to rewrite the campaigning law in favor of corporations and other pressure groups. Quite annoyingly, the interventions of Bopp has given the corporations the rights to spend unlimited, without any disclosure, in the election campaigning and political party funding. This implied that the wealthy and powerful could buy the elections for their interests. Bopp also appeared for many significant cases including anti-gay marriage petition disclosure in Washington DC, douche-bag case, and more.
End Citizens United, a PAC formed in 2015 to resist the ill effects Citizens United verdict, is getting massive support in the recent years. Per the latest information, the group could collect $4 million in the first quarter of 2017. Interestingly, the PAC plans to raise at least $35 million before the 2018 midterm elections. It should be noted that more than 100,000 individuals contributed during the period, of which 40,000 were first-time donors, confirmed the executive director of the PAC, Tiffany Muller. By raising the amount, the PAC hopes to send as many campaign reform champions as possible to the Congress.
Muller additionally stated that the average contribution per person stood at $12 during the period. She continued that its vast majority of donors felt that the system rigged against them, and people who could donate larger amount have better say. In a mission to support liberal and campaign reform candidates, the PAC urged its supporters to contribute $500,000 to the Democratic candidate for Georgia, Jon Ossoff. Muller also confirmed that the PAC would defend some Democratic senators including Sherrod Brown from Ohio and Jon Tester from Montana, in the midterm elections next year. Interestingly, the PAC has capped its contribution limit to $5,000 per individual; however, the growing mass support is making it as one of the biggest PAC in the country.
End Citizens United sprung up in 2015, when three former fundraising strategists for Democratic Senatorial Campaign Committee decided to come up with a parallel political fundraising program that would run against Citizens United. Although its initial plan was to overturn the decision made by the Supreme Court with regards to Citizen United vs. Federal Election Commission case, the PAC has managed to grow into one of the leading fundraising committees for democrat candidates. Among those who have benefited from both their endorsement and financial support is the former presidential candidate, Hillary Clinton and former Wisconsin Senator, Russ Feingold.
Funded almost entirely by the ordinary citizens of the US, the PAC has been quick to mention that their main plan was to counter the disastrous effects brought about by Citizens United and all it stands for. Similarly, the committee was to work towards reforming the finance system that democrat candidates have been using for their campaigns.
The PAC managed to garner widespread media coverage during their first year of operation, and when the time came for them to get into action; they managed to raise $25 million dollars for the 2016 elections, and $4 million within the first three months of this year. At this point in time they’re projecting of raising $35 million ahead of this coming midterm elections for Congress, according to the financial details they were generous enough to share with us.
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It’s estimated that an upward of 100, 000 people made their contributions to the PAC during the first four months of this year, of which 40, 000 happen to be first-time contributors, as stated by the current executive director of the PAC, Tiffany Muller. She also goes on to add that their plan for this coming election is to make sure they have elected “champions for campaign-finance reforms” to the Congress.
So far the PAC boast of receiving about $12m since the year started. According to Muller, if their donors had a certain level of trust for the system instead of feeling like it’s rigged against them, then the number could have been way higher than that. End Citizen United plan to make everyone feel like they’re making a positive change, however small their contribution really is.
The PAC anticipates spending at least $18 million on this coming congress election, by focusing on a number of key senate races including Ohio, New Hampshire or any other state where the incumbent is on the verge of pulling back from the campaign financing system. As laid out by the nonpartisan open secrets, PAC member are well aware that by replacing more Republicans with competent Democrats in some of the key seats, then they stand a better chance to overturn Citizens United.
It takes a brave soul to criticize capitalism and the laisse-faire economy that so many Americans revere. That is just what George Soros has done in his writing, speaking, and financial political activism.
In an extremely thoughtful and insightful article which Soros wrote for The Atlantic, he explains his beliefs on wealth distribution. With swift sentences that take the reader on a journey inwards, away from the loud obstructive noise about capitalism that we are bombarded with daily. He introduces questions that we all need to ask ourselves: do we like the way the economy is structured? Is it working? Is the way wealth is distrubuted now really serving our society as a whole? If more government intervention would help, would it be worth it?
Soros makes the point that out culture has adamantly supported the laissez-faire economy structure for the last century, and that the economic structure has run parallel to social Darwinism. This means that the “cream rises to the top”, and the smart, business savvy people who have the best morals and work ethics will make it, while lazy or unskilled people will fail. We have adopted this subconscious viewpoint because of the intellectual and cultural stew we live in. Learn more on discoverthenetworks.org about George Soros.
Soros says what if there is a different way? What if we don’t have to think like that any more? One of the main flaws in these views is it links capitalism with survival of the fittest, which is a false association. It fails to take into account the way money is actually shared and used. Soros states, “The argument is undercut by the fact that wealth is passed on by inheritance, and the second generation is rarely as fit as the first”.
Soros has used his insight into the economy and politics to amass a multi-billion dollar fortune. He understands world markets, economic theory, and the political stage, all of which makes him an excellent trader. He is well into his eighties and yet as of 2016 was still actively trading in the financial arena.
George Soros uses his wealth in order to bring to fruition his ideals regarding politics and society. He has, for quite some time, supported the ideal of an “open society”. Soros explained to The Atlantic readers that the term open society was first used in 1932 by a writer Henri Bergson. Soros says that the term is still relevant today, although it must be re-imagined in order to apply to the modern world. Read his profile at Forbes.
The funds that Soros generously supports align with his vision of an open society. He has given millions to foundations across Europe in support of his mission, after the collapse of communism. In recent years, he has supported American liberal political campaigns. His gifts include $7 million dollars in donation to Priorities USA Action, $2 million dollars for the PAC American Bridge 21st Century, and $5 million dollars to a group called “Immigrant Voters Win”. His political actions back his words regarding the open society which he envisions.
The global political situation has always been a subject legendary hedge fund manager George Soros has had an interest in; over the course of his career Soros has used his knowledge of the ever changing political situation in the world to make risky, but extremely profitable moves on the global financial markets. Even though George Soros was a major backer of Hillary Clinton and made pre-election moves on the U.S. markets based on his hope for a Clinton victory his hedge fund still made a five percent profit across 2016 to continue his impressive returns as a financial expert.
Over the course of his life George Soros has seen his own safety and future threatened by the establishment of various restrictive regimes; in fact, the early years of the life of the 86 year old were spent in Hungary and included the Occupation by Nazi German forces on Forbes. As a member of the Jewish faith the problems faced by his family were many and included the arrival of Socialist governments in the wake of the German loss of World War II.
In a bid to make sure further issues with dictatorships and restrictive regimes were not seen around the world George Soros has established his own Open Society Foundations that works to educate people on the benefits of democracy. The problems faced by minority groups across the planet have a special place in the heart of George Soros, who has backed programs on nytimes.com with some of his own fortune to aid the causes of LGBTI and those affected by drug addiction to the tune of more than $12 billion in charitable giving by the U.S. citizen.
At the recent World Economic Forum in Davos, Switzerland George Soros made an appearance he used as a way of warning the world of the coming dangers he feels will be faced by the world during the Presidency of Donald Trump. Even though he has made his reputation by making bold moves on the stock market based on an understanding of the political situations across the world, George Soros stated he had arrived at Davos with little way of knowing just what Donald Trump planned to do during his Presidency as the next four years had not been planned by the real estate mogul.
Soros believes the building of the Trump brand was the initial purpose of the candidacy of the newly installed President who was now being advised by people who had an interest in exploring the possibilities of building a dictatorship on opensocietyfoundations.org. The close relationship forming between Trump and dictators, such as Russia’s Vladimir Putin have the opportunity to destabilize the global political and financial situation as restrictive governments are made legitimate through their close relationship with Trump’s Administration.