Thomas Peterffy: Avoid socialism

Rich, worried and buying ad time

The one-minute spot, which began airing Wednesday and will continue through Election Day, has no mention of any specific politician or lawmaker. It’s simply a plea for an end to what he sees as growing hostility to personal success – and to vote Republican.

“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,” he says in the commercial.

Peterffy was born in Budapest in 1944 during the deadly Soviet offensive that ended in the capture of Hungary’s capital the following year. From then, the republic remained under communist control until it gained independence in 1989.

The new ad features images of Peterffy as a child in Hungary and the impoverished conditions in his native country.

“As a young boy, I was fantasizing about one day going to America, making a success of myself. The American Dream,” he says.

Peterffy left his country and moved to New York in 1965, where-without knowing English–he got a computer programming job on Wall Street. He later purchased his own seat on the American Stock Exchange in 1977 and, fast forward a few years, found himself the creator of Interactive Brokers, one of the first electronic trading firms.

Forbes Magazine now estimates Peterffy, 68, has a net worth of $4.6 billion.

Via Ace, who quotes a commenter who wants Peterffy to “go study social sciences.”

As Ron White said, you can’t fix stupid.

linked by Phineas. Thanks!

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6 Responses to “Thomas Peterffy: Avoid socialism”

  1. Steve Says:

    Powerful new Pro Life ad is out “Who is the abortion extremist”?

  2. (Video) I think this guy knows what he’s talking about when it comes to Socialism « Sister Toldjah Says:

    […] Fausta and Ace, who highlights a facepalm-worthy comment from a […]

  3. Phineas Says:

    Great video, reposted and linked back. I’d say Mr. Petterfy has seen just where Socialim’s road of good intentions will take a nation. I hope he’s ready to become a demon for the Left.

    (Something tells me a guy as tough as he can handle it.)

  4. Phyllis Stewart Says:

    The USA is certainly not going to become a socialist country under President Obama or any other politician. The government will not control the means of production or any businesses. We do run a health care system for our military but that is not socialism. You may have grown up with the evils of a devastated post-WWII economy and you regret that your people did not have enough gumption to work to restore their country without being bribed. What you are missing is an experience living in a plutocracy. The rich get richer and more powerful, everyone else is left to sink into poverty. This country has had that experience from the Civil War to the 1930s. The right-wing forgets this hard lesson – at their own peril. You are not the person to speak to America about economic control systems. Your experience is not an American experience, the Hungarians are not Americans. You have no experience with equates to that of America. You need to study our history first and not just try to conflate your un-American experience with our republic.

  5. Jones Says:

    “you can’t fix stupid”

    You’re right, especially if you’re too stupid to realize when a commercial uses slippery-slope in order to further his fallacious argument.

  6. Fausta Says:

    Heartwarming sentiment, Jones. And you know more than Peterffy?