Billionaire investor and political activist George Soros was speaking with CNN Money in Davos, Switzerland when he said he donated over $1 million to a pro-Obama super PAC with “great reluctance.”
CNN interviewer Poppy Harlow noted that Soros has been vocal about his opposition to Citizens United, which opened the door to super PACs, asking: “Did you just sort of throw up your hands and say, well, if this is the law of the land, if the other side is doing it, I’m going to do it as well?”
Soros replied: “Well, [I donated] with great reluctance, because I think that Citizens United has really unleashed an unlimited amount of money into the political system, which is very, very unfortunate. But you have to live with it.”
Soros openly added that he “compromised” his principles in making the donation, but said it was excusable because money doesn’t decide elections; it just helps mobilize the electorate.
The two then turned to wealth disparity, Harlow asking whether Soros thinks “enough has been done” to address the “growing wealth gap” in the United States.
According to Soros, the “principle now is accepted” that the super-rich, like himself, should pay more.
“Since you cannot grow the total pie, because of this deleveraging,” Soros concluded, “if you could have a more equitable distribution of the pie, then the large number of people could actually see an improvement in their living standards.”
Watch the entire interview via CNN Money, below: