https://amgreatness.com/2019/12/17/we-three-kings-of-america-are-soros-steyer-and-bloomberg/
This Christmas season, decorate your trees and hang your stockings, and know that three kings come again, bearing gifts. But this time, 2,020 years later, these three kings bear gifts not for the baby Jesus, but for the Democratic Party.
The biggest lie in American politics today is that Republicans are the party of the wealthy elite, and the Democrats are fighting for the little guy.
While corporate political spending is split roughly down the middle between Democrats and Republicans, in all other categories the Democrats are way in front. Labor unions, which collect and spend at least $14 billion per year in the United States, are almost exclusively committed to Democratic candidates. And while Republicans still have some mega-donor individuals, most of them only contribute to candidates who espouse the same agenda as the Democrats—open borders, “free” trade, and endless wars.
The Democratic mega-donors, however, not only outspend their Republican counterparts, they know how to get results. Which brings us to the first of our Three Kings of the 2020 political season.
Tom Steyer
Even with an estimated net worth of $1.6 billion, as a presidential candidate, Tom Steyer has no chance. But behind his hopeless campaign is a deeper strategy. The California hedge fund manager is bringing visibility and building support for political organizations he’s founded, already powerful forces in national politics.
Steyer may not be the wealthiest mega-donor on the scene, but he’s willing to spend what he’s got. As cited in Ballotpedia, Steyer “spent more money on the 2014 and 2016 elections—$73 million and approximately $100 million, respectively—than any other individual donor.” According to Forbes, Steyer spent an incredible $123 million to influence the 2018 midterm elections.
While 2016 didn’t go the way Steyer had hoped, 2018 was a different story. Control of the House of Representatives flipped to the Democrats, and Steyer’s political action committee, NextGen, provided significant capital and political influence. For example, his NextGen Rising voter registration operation signed up more than 250,000 voters.