The life of George Soros reads just like a “rags to riches” tale. Soros was born into a Hungarian Jewish family just before World War II. Sadly, German troops came into Budapest when Soros was just a boy. His family raised enough money to send Soros to safety in the United Kingdom. Once Soros got to London, he entered the prestigious London School of Economics. To finance his studies, Soros worked as a railway porter and waiter around the British capital. After receiving his Master of Science in philosophy, Soros entered the banking world of London. A few years later, Soros decided to leave London and set up shop in New York City. He quickly formed a Wall Street hedge fund with around $12 million. This fund would later be known as Quantum Fund.
It wasn’t until 1992 that George Soros became a huge name in the investing community. That’s the year he took a massive short bet on the British Pound Sterling. The bet paid off big time for Soros. Indeed, his short position was so successful that some people still call Soros the man who “broke the Bank of England.” Ever since that investment, Soros has become one of the most respected investors on Wall Street. His company Soros Fund Management now has around $30 million in assets and is headed by Dawn Fitzpatrick.
Although people into finance might know Soros first and foremost as a maverick investor, most people know of Soros for his political activism. Having witnessed the horrors of Nazism first hand, Soros has always been a champion of liberalism and democracy. He set up the Open Society Foundations to donate to organizations around the world involved in fighting for equality and civil rights. Soros has spent a ton of money helping minority communities have a voice in the democratic process in the USA and in other nations around the world. Learn more on discoverthenetworks.org about George Soros.
Soros is a staunch supporter of the Democratic Party and a fierce opponent of President Donald J. Trump. In the past few years, George Soros has helped finance President Obama’s campaign as well as Hillary Clinton’s failed bid for the presidency in 2016. Ever since President Trump took office, Soros has warned of the potential dangers of Trump’s heated rhetoric. Soros has also been deeply concerned about the rise in hate speech and neo-Nazism across the USA. Soros has pledged millions of dollars to help organizations combat hate speech, “fake news,” and to empower refugees fleeing warzones.
As of today, Forbes Magazine estimates that Soros is worth around $24.2 billion. He now lives in New York with his third wife Tamiko Bolton. He has a total of five children, some of whom work for Soros’s organizations. Know more on Business Insider about George Soros.
Betsy Devos is a reformer. She has been at the forefront of spearheading the educational reform agenda. During her interview with philanthropy magazine in 2013, Betsy said that she was attracted into the movement when their kids were in still in school. Together with her husband Dick Devos, they used to visit Potter’s House Christian School, which has been accepting students from low-income families for over three decades. Their occasional visits gave them a chance to interact with parents who were struggling to pay for their children’s fees. These stories moved them to start supporting children from poor families. Today, the couple supports the Potter’s House. However, Betsy and Dick realized that only a limited number of parents were benefiting from their donations. To this end, Betsy founded an organization that offered scholarships to low-income families. Parents had the liberty of deciding that parents could decide which school to take their kids. Dick committed his time to the course by running for the State Board of Education in Michigan where he was elected in 1990. Visit dbdvfoundation.org to know more about their foundation.
Betsy served on the boards of Children First America and the American Education Reform Council in the 1990s where, together with Dick, they played a major role in passing Michigan’s first charter-school bill in 1993. The two foundations worked towards expanding educational platforms through tax credits and vouchers. In 2000, they tried to change the state constitution to allow tax-credit scholarships or vouchers, but failed. This way, Betsy started (PAC), a political action committee in Michigan, the Great Lake Education Project, which advocated for educational reforms by expanding charter schools in the state. This PAC became successful. Later, she chaired All Children Matter Political organization where they worked to educate the public on the benefits of having greater educational platforms. She then formed the American Federation for Children Action Fund. When she was establishing this entity, 250,000 students were in 33 publicly funded private-choice programs in 17 states and the District of Columbia. The program had gained popularity in Florida, Ohio, Pennsylvania and Arizona.
Betsy DeVos is also a transformative leader and businesswoman. She has focused on improving the lives of people and creating environments that will offer them with opportunities to grow. As a business leader, she has served as the chairman of Windquest Group, a private investment and management company that offers a wide range of consumer products and services. Betsy is also an active politician. For four terms, she served as the chairperson of the Michigan Republican Party. Betsy has also taken different leadership roles in campaigns, political action committees and part organizations. She has served on several boards, including American Enterprise Institute, ArtPrize, Devos Institute for Arts Management at the University of Maryland and the Foundation for Excellence in Education.
Check her website for more info at betsydevos.com.
There are a number of groups that are heavily funded by George Soros and his Open Society Institute. These include ACORN, the American Friends Service Committee, besides the Center for Community Change. Other groups include the League of United Latin American Citizens, and the Massachusetts Immigrant and Refugee Advocacy Coalition, besides the Mexican American Legal Defense and Educational Fund. Some other groups include the National Council of La Raza, as well as the Gamaliel Foundation. All these propagate the rights and privileges for illegal immigrants to America.
These immigration-related agendas fit well with the activist groups affiliated to George Soros. There has been a call for a highly comprehensive immigration reform. These include opposing of workplace immigration raids and favoring a path towards citizenship. This will help in bringing out people from the shadows. Next, laws should be advocated to permit illegal immigrants to obtain driver’s licenses; attend college at reduced tuition rates which is normally reserved for legal residents.
George Soros openly rejects that the U.S. Constitution can be considered as a document of unrivaled merit. Hence he does not feel that its original intent needs to be adhered to. He feels that it must be deconstructed or even reinterpreted as the needs and preferences change over times. Hence constitutional law must evolve in order to fundamentally transform any society. This is because the Constitution is not a static but a living document. It needs to be read keeping in context the ever-changing world.
George Soros favors a greater role for the government in the healthcare system of America. The Health Care for America Now is a vast network of organizations that support a payment model in which the federal government finances and administers the entire healthcare system of America.
HCAN is trying to achieve such a system. This will be done in an incremental manner. It would require having a government insurance agency. This way Americans will not be at the mercy of all the private insurance players. A government agency does not have to show a profit in order to stay in business. This would push out private insurers from the industry. Visit Project Syndicate to learn more about George.
George Soros had pledged $5 million to HCAN in order to promote its campaign for such a reform. Its organizational members include a number of Soros-affiliated organizations. These include the ACLU, ACORN, the AFL-CIO, besides the AFSCME, as well as the American Federation of Teachers. Other organizations include the Center for American Progress Action Fund, and the Center for Community Change, besides the Gamaliel Foundation as well as the League of United Latin American Citizens.
Hence Soros is leaving no stone unturned in order to ensure that the rights of immigrants become a reality in America very soon.
Visit bigthink.com to know more about George Soros.