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Fearful self-made man fights back against Obama with ad

America's wealthy are worried about Obama who is scapegoating them.

The wealthy are worried and they're buying ad time to make their case to the American people as to why they are not the villains Obama is making them out to be. One billionaire, Thomas Peterffy, has already spent $5 million for ads that inform voters about the risks of socialism.

Peterffy is a living embodiment of the American dream, but now Obama says he's not paying his fair share.

Peterffy is a living embodiment of the American dream, but now Obama says he's not paying his fair share.

LOS ANGELES, CA (Catholic Online) - At some point, it became unpopular to be successful. Particularly if that success came with wealth. The Obama campaign has capitalized on this, accusing the wealthy, who pay billions in taxes each year, of not paying their fair share. 
For some, it's a slap in the face after they have contributed millions in revenues to the government. 

The great concern is that the government with its creeping tax hikes on the wealthy is essentially sneaking socialism in via the back door. After all, politicians gain easy votes by pledging to take from the rich to give to the poor. 

What must be understood is that America was a nation founded by businessmen who wanted economic freedom among others. Most of the founding fathers were businessmen of one sort or another. Weary of what they saw as excessive taxation and regulation, they combined with other frustrated colonists to cast off British rule. 

Their success allowed them and their descendants, right down to us, the world's wealthiest nation. It is also a land of unbridled opportunity, permitting anyone with a good idea and a willingness to work to build a fortune for themselves. 

This is what Thoman Peterffy did. He was born in Hungary in 1944, as the Red Army attacked that country's capitol. He grew up impoverished in the subsequently established socialist state. In 1965, he managed to emigrate to the US, where he became a computer programmer on Wall Street. 

Peterffy learned English, and eventually created a program that allowed brokers to make trades online. He built his business, "Interactive Brokers" and eventually paid nearly $2 billion in taxes on it. 

He has created jobs, and donated to causes. 

Yet, he is being told that he's not doing enough by the rhetoric of the Obama administration. 

Peterffy is worried that anti-capitalist rhetoric of the administration could dissuade millionaires and billionaires from creating jobs and take their money elsewhere. This has happened in France, where overtaxed elites have already begun a mass exodus in the face of ever-increasing tax rates. 

Paterffy crated a commercial that does not mention political parties, but shares his concerns with viewers. He hopes that people watch and carefully consider their decision this November. There is more at stake than many people realize. 

© 2012, Distributed by NEWS CONSORTIUM.

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The Faith of Christians. That in this Year of Faith Christians may deepen their knowledge of the mystery of Christ and witness joyfully to the gift of faith in him.
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Keywords: Peterffy, taxes, Obama fair share, American dream

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1 - 3 of 3 Comments

  1. Jurgen
    7 months ago

    The youtube account has been "terminated". Guess we know where google stands.

  2. Rob
    7 months ago

    I think this business person is right. And it's what happens when the right and left make these broad generalizations about people. Not all wealthy are those who cratered are economy and were held harmless. Not all people in the 47% that Romney calls out are parasites. But I think both narratives will continue so long as those responsible, politicians and otherwise, are held to account for the economic collapse. And the "47%" narrative continues so long as there are those that really are not doing their part in this country and living on the labor and wealth of others.

    It's not either/or but both/and. Half of Wall Street and half of DC should have been in handcuffs after the collapse. Nope, bonuses, re-elections and taxpayer protection of wealth? That really inspires confidence in our system. To the businessmen, well I guess someone is going to have to pay the bills and I guess they only people they can go to are those with all the money. As some did in France, I guess you can pack it up and leave as others have done. Sad, sad place we find ourselves.

  3. Lindangel
    7 months ago

    Dear Mr. Peterffy, thank you so much for speaking out against the evil Obama and his socialist agenda. You are truly an expert on this subject, since you have actually lived under
    socialism. And my fellow Catholics-need to wake up- because socialism is GODLESS!
    May our Lord and Saviour, continue to bless you and keep you safe.

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