Evidently California hedge fund billionaire Tom Steyer has created a wannabe follower in the Silicon Valley, based on a story from the New York Times this weekend. Turns out that Facebook co-founder Dustin Moskovitz is so committed to the correctness of his own political beliefs that he’s giving $20 million dollars to liberal groups and politicians across the country.
As the Times describes it, “His $20 million in donations will, when consummated, instantly catapult Mr. Moskovitz to the top tier of political donors in the United States. Only one other individual in the country — the environmentalist and hedge fund founder Tom Steyer — has given more in disclosed contributions during the 2016 cycle, according to data collected by the Center for Responsive Politics.”
That’s the same Steyer whose hypocrisy Shift has highlighted frequently, most recently last week in describing the TV ad that Steyer is funding to boost his name in advance of a likely run for governor in 2018.
Like Steyer, Moskovitz appears to want to wash much of his money through environmental groups, with the Times reporting “the largest contributions would go to the League of Conservation Voters Action Fund and Our Future PAC, a super PAC backed by a coalition of labor unions and environmentalists. Each will get a $5 million check from Mr. Moskowitz and (his wife).”
Adding some humor to his press release, Moskovitz pointed out that he and his wife, Cari Tuna, really don’t like what they’re doing, as they acknowledge having “reservations about anyone using large amounts of money to influence elections.”
But those reservations aren’t stopping them from doing just that.
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