Hungarian born businessman Thomas Peterffy grew up in a socialist country. He saw first hand what a government that rejects capitalism does to its people. Fortunately for Peterffy, he managed to immigrate to the United States to ‘live the American Dream.’ Like many Peterffy learned English, worked hard and built a successful life here.
Today Thomas Peterffy has invested a great deal of his personal money to create a television ad. Called “Freedom to Succeed” Peterffy shares what he saw growing up and his concerns for the America he loves. Often the very wealthy put money into supporting causes in which they believe. But more rare is it for a business tycoon to speak out from the heart.
From CNN: Peterffy is not alone in his fear of a socialist America. Some Republicans have launched vocal accusations against President Barack Obama for pushing what they call socialist policies. In part, they’re referring to Obama’s tax proposal that would ultimately raise taxes on the wealthiest two percent of the country but maintain tax cuts for households making under $250,000 per year.
Obama and his re-election campaign argue they’re not attacking success, rather they have a different viewpoint on how to create success. At the debate last week, Obama repeated his signature line, saying he wants to make sure everyone is “getting a fair share, everybody’s doing a fair share, and everybody’s playing by the same rules.”
In the new ad, however, Peterffy says such policies lead to a “slippery slope.”
“It seems like people don’t learn from that past,” he says. “That’s why I’m voting Republican and putting this ad on television.”
Many today are too young to remember the downside of socialist policies. This one minute video is a good reminder.