Freedom Line Blog

Our friends at Human Events confirm the money trail between Leftist billionaire George Soros and the Occupy Wall Street movement attracting communists, socialists and anarchists to its ranks.

The nonprofit organization at the receiving end of Soros’ largesse, Alliance for Global Justice, is managing donations benefiting the communists, socialists, anarchists and hippies now occupying Zuccotti Park in lower Manhattan.  As of Oct. 19, OWS had taken in a grand total of $435,000 from all sources, including donations made by individuals online and in person, according to reports.

And how’s this for a business model?

Alliance for Global Justice is a “fiscal sponsor,” which means that it serves as a financial clearinghouse for radical causes that haven’t filed papers to incorporate themselves as nonprofit organizations.  Donors give money to the Alliance and are then able to deduct the donations from their income tax even though the cause they are funding isn’t recognized as tax-exempt by the IRS.  Fiscal sponsors take a percentage of donations as management fees, and then pass on the rest to the cause favored by the donor.

As with all things Soros, the irony here is rich.  A Hungarian who fled Nazism and communism sets up a “shadow party” to move America closer to a state-run tyranny.  A decrier of capitalism’s excesses, he made his name manipulating England’s currency and imperiled a nation through an act verging on financial terrorism.  Now, he’s a billionaire hedge fund manager who props up a nationwide anti-Wall Street protest.