You are here
Hungarian-Born American Entrepreneur Spends Millions to Warn Americans Against Socialism
Hungarian-born American entrepreneur and billionaire, Thomas Peterffy, is not running for office, lobbying for special interests, or the leader of a Super PAC, but he's still spending between $5-$10 million dollars of his own money on TV ads warning Americans against socialism. His ad will run up until election day on CNN, CNBC, Bloomberg, and test markets in Wisconsin, Ohio, and potentially Florida.
Peterffy's ad does not specifically mention any candidates to vote for, but does recommend viewers to vote Republican in order to end the hostility toward personal success. "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."
View his ad below:
On Peterffy's youtube page, he's described as:
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.