Friday, October 12, 2012
Thomas Peterffy - Freedom To Succeed
Thomas Peterffy grew up in socialist Hungary. Despite the fact that he could not speak English when he immigrated to the United States in 1956, Thomas fulfilled the American dream. With hard work and dedication, he started a business that today employs thousands of people. In the 1970s, Thomas bought a seat on the American Stock Exchange. He played a key role in developing the electronic trading of securities and is the founder of Interactive Brokers, an online discount brokerage firm with offices all over the world.
◼ He's not running for office. He's not part of a super PAC. He's not lobbying for or against any ballot measures. But billionaire Thomas Peterffy is spending millions on television ads this election season with one cautionary message: Avoid socialism. - CNN
◼ It's one of the more personal ads of the 2012 campaign. But no presidential campaign or super PAC is behind it. Rather, a new TV ad and Web video that warns of the ills of socialism while urging America to vote Republican next month is financed by Hungarian-born billionaire Thomas Peterffy. - FOX
Peterffy recalls his childhood under socialism in Hungary, and says, "The nation became poorer and poorer. And that's what I see happening here." He warns that the United States, his adopted country, is embarking on a "slippery slope."
He continues: "America's wealth comes from the efforts of people striving for success. Take away their incentive with badmouthing success and you take away the wealth that helps us take care of the needy. Yes, in socialism the rich will be poorer -- but the poor will also be poorer. People will lose interest in really working hard and creating jobs."
◼ Who Is Thomas Peterffy, and Why Is He Warning Us About Socialism? - Yahoo Finance