What Would George Soros Do? A Billionaire Thought Experiment

Let’s perform a simple thought experiment. If you were a billionaire, perhaps the 19th wealthiest person on earth, what would you do with your mountain of cash?

Now, it’s okay to say that you would live a lavish lifestyle at first. But it seems that life would get pretty boring when you have nothing left to achieve. After all, there is only so many different types of caviar that you can try.

So let’s think beyond that initial indulgence. What would you do with your wealth after you got use to the lavish lifestyle of being a billionaire? There are two pretty well-known billionaires on planet Earth that took very different paths when presented this question. One is the current president of the United States Donald Trump, and the other is 86-year-old hedge fund billionaire George Soros.

Donald Trump did not stay satisfied with his massive amount of money. It is easy to understand why. After all, he inherited his wealth from his father and did not build it on his own. In fact, studies show that Donald Trump would be a wealthier person today if he had simply invested his father’s money and indexed it to the stock market. It seems that his business dealings were mostly failures along the way, but he had the inherited wealth to withstand such failures.

Trump continued to grab for power. You could see it play out in his personal life when he bragged about assaulting women. And you can see it play out during the presidential election when he used authoritarian rhetoric and gradeschool putdowns to claim the White House. And it does not seem that he is too comfortable with running any of his ideas pass the legislature. His first 50 days in office has been rife with unilateral executive orders.

Visit: https://www.nytimes.com/topic/person/george-soros

George Soros went the other way. Perhaps it is because the George Soros built his own fortune. He literally came from nothing and turned it into over $20 billion. And this all came after his Jewish family fled Budapest at the conclusion of World War II after surviving the Nazi occupation. Read more on Snopes about George Soros

The Soros family became a small group of refugees. The United Kingdom was nice enough to allow the men and they set up a new life in London where George Soros would attend college. He used his peculiar ability to forecast economic downturns to short the British pound in order to rake in $1 billion in a single day on the British stock markets.

He has been giving back ever since. His philanthropy knows no bounds and he gives back through a network of nonprofits under the umbrella of the Open Society Foundations. They work around the world to improve the lives of millions.

Betsy DeVos: Bettering Education, One Step At A Time

Betsy DeVos is the current Education Minister of the United States of America, and someone who has been appearing in a large number of journals and periodicals nationwide. Her appointment to the position of Education Minister was one of the most controversial in the history of American appointments. What set Betsy apart making her the first, was the fact that the vote for her appointment was equally divided, with half the parliament voting in her favor, and half voting against. The tie breaking vote was then cast, which decided the fate of Betsy and the future of the American schooling system.

Since a long time, Betsy has stood for the betterment of the education system in the country. She is a firm advocator of better education for the future generations and believes that through education the country can prosper. She has been involved with numerous movements for different subjects pertaining to academics. Just a few years ago, Betsy was at the forefront, leading the charge for the establishment of the school charter movement. The education that children receive in private schools in extremely high as compared to the ones received from public schools. Therefore, students who show exceptional skills aren’t given the right tools for their growth, resulting in their potential getting capped. The school charter movement, therefore, lobbied for the switch of public schools to private companies, and for the use of taxpayer’s money to give the children of America an access pass to better education which can help their growth. Even though the movement proved to be unfruitful, Betsy DeVos still aims to hopefully one day help public schools develop for the sake of the children coming there. Visit Betsy’s website at betsydevos.com.

She therefore wanted to make it so that schools would have to undergo rigorous tests only to receive a certain grade at the end of the examination. Using this method of grading, Betsy DeVos believed that they could classify the schools that need to better their standards and separate them from the ones that are already performing well. This grading system is also particularly useful to parents as sometimes they don’t know which schools are good and which aren’t. By looking at the grade that the school received, parents can make a better judgement while putting their children in school. The right school can significantly boost a child’s learning capabilities and facilitate their growth and development, and Betsy DeVos aims to someday make it, so every child in America has the opportunity for quality education.

Read more: http://www.npr.org/sections/ed/2017/01/31/512507538/under-devos-heres-how-school-choice-might-work

With her husband Dick DeVos, Betsy has helped numerous people all over America better their lives. Most of her philanthropic efforts are conducted through the DeVos Family Foundation., a charitable trust to help people and organizations in need.  Visit their foundation at dbdvfoundation.org.

End Citizens United Undertakes Massive Grassroots Support

End Citizens United was established in 2015 as a political action grassroots mobilizing group. The main objectives are countering disastrous effects of Citizens United and reforming the campaign finance system. It is a means of demonstrating to candidates and elected officials the ability of voters to fight increasing interference of billionaires in election processes.

 

It aims to build a strong, broad coalition that works towards reforming campaign finance and pressuring elected officials to take action. The move will help dismantle big money politics that is running the political system. End Citizens United aims to champion election of campaign finance reform politicians.

 

The champions seek to End Citizens United and stopping unlimited political funding. End Citizens United works together with pro-reform candidates to raise money issue as a national priority. Also, it uses grassroots support to demonstrate political will on the issue of campaign funding.

 

It provides grassroots support to candidates favoring meaningful reforms to the campaign system with a view of overturning Citizens United. They also support reform candidates coming under attack from the corporate mega-donors and special interests together with their super PAC networks and dark money groups.

Most of the candidates receiving support are Democrats because they play a leading role in this fight. Across the country, most independents, democrats, and republicans all agree that undisclosed political funding is spiraling out of control. The group plans to set up a separate expenditure arm that will financially back reform candidates through initiatives such as direct mailers, television ads, and polling.

End Citizens United also hopes to enact these reforms in both local and state level. The plan is to pass a constitutional amendment to overturn the Supreme Court decision in 2010. However, it is encountering skepticism by political finance experts. The hurdle is that the bill must garner two-thirds in both the house and senate. Besides, three-quarters of US states must ratify it.

 

The intention is hugely acclaimed as wanting to restore government transparency. It is being applauded for its pressure on the Supreme Court and political actors, which are eliciting public awareness to the need for reform that ensures elections have no interference from rich billionaires or corporations. Most of the candidates backed are Democrats as the leadership of Republican Party is frustratingly supporting the Supreme Court decision.

 

The grassroots support receives an average donation of $14.86 and has received 136,000 donations so far. It has raised at least $2 million from small donors and s receiving more donations from a wide range of sources. It aims to achieve $30 million this cycle. It has a support base of 325,000 Americans who have signed a petition for finance reform amendment. It is currently, collaborating with like-minded groups such as Ready for Hillary that boasts $4 million people. End Citizens United is also reaching out to liberal supporters.