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Because he's being funded as a spoiler to siphon off enough Democratic voters to potentially throw the race to trump? trump has a low cap to his general election support (probably mid-40's), but most of that is strongly committed, so he has a high base. With that, he won't win, but if they can run spoiler candidates to pull a few percent, that might be enough to win with his low cap.
The Democratic coalition is far broader, less cohesive, and thus overall more fickle than the modern republican one, so susceptible to these sorts of things.
It just seems like if that was their goal they would have had MUCH better luck funding an actual left wing candidate. Someone like Bernie Sanders or similar that's pushing for far more progressive policies than the rest of the DNC (not that that's a high bar to clear). Instead it feels like they found a left leaning Republican (putting him only moderately right of center) and convinced him to run under the DNC ticket, and then when that failed to do anything decided to run him as an independent, which is very risky for them as he's likely to pull a lot of the more right leaning independents.