Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

10/12/2012 (2 years ago)

Catholic Online (www.catholic.org)

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.

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

10/12/2012 (2 years ago)

Published in Politics & Policy

Keywords: Peterffy, taxes, Obama fair share, American dream


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. 


---


Pope Francis: end world hunger through 'Prayer and Action'


© 2014 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for December 2014
Christmas, hope for humanity:
That the birth of the Redeemer may bring peace and hope to all people of good will.
Parents: That parents may be true evangelizers, passing on to their children the precious gift of faith.



Comments


More Politics & Policy

Expecting a big tax refund from the IRS? Then you don't want to read this... Watch

Image of Expecting a refund? You may be left waiting longer than you think.

By Catholic Online (NEWS CONSORTIUM)

If you're counting on a big IRS return to make a big purchase, you may be waiting a lot longer than anticipated this year. Budget cuts in the IRS mean that fewer returns will be audited and services will become increasingly difficult to obtain. Worst of all for many ... continue reading


Obama's right, he has issued fewer executive orders than his predecessors, BUT... Watch

Image of Obama signs a bill while on vacation.

By Catholic Online (NEWS CONSORTIUM)

What's in a name? President Obama has ruled more from his desk, without the consent of Congress, more than any other president, but liberals are right to point out that these are not "executive actions" and don't count against his tally compared to other presidents. ... continue reading


Federal judge warned: Don't interfere with Obama's plan for deportation amnesty Watch

Image of U.S. President Barack Obama speaks about immigration reforms during a visit to Casa Azafran in Nashville,

By Catholic Online (NEWS CONSORTIUM)

In unusually strong language, the Obama administration warned a federal judge to stay out of the debate over President Obama's deportation amnesty. "Federal courts sit to decide cases and controversies, not to resolve disagreements about policy or politics," ... continue reading


Rick Santorum Seems Poised to Launch a 2016 Presidential Campaign Watch

Image of Rick Santorum

By Keith A. Fournier

I don't think I've met a 'suit' yet. It's very much heart of America, average Americans who have found a place where they see someone who will stand up and fight for them. If the Republican Party has a future - and I sometimes question if it does - it's in middle ... continue reading


You should be outraged! While Obama distracted you with a government shutdown, look what Senate Democrats snuck into this bill! Watch

Image of The White House has just received unprecedented surveillance powers thanks to an amendment to the Intelligence Authorization Act for the 2015 fiscal year.

By Matt Waterson (NEWS CONSORTIUM)

Overshadowed by the potential government shutdown and funding vote in the House, another bill was passed this week by Congress, one with much more sinister, and flagrantly un-American, goals. LOS ANGELES, CA (Catholic Online) - Congress passed a bill that gives a ... continue reading


What are they covering up? White House attempts to delay CIA torture probe Watch

Image of Secretary of State John Kerry on Friday reportedly called Sen. Dianne Feinstein, D-Calif., chairwoman of the Senate Select Committee on Intelligence, to tell her that the report's release should be delayed.

By Troy Dredge, Catholic Online

A Senate report, years in the making, which accuses the Central Intelligence Agency, or CIA of using banned torture techniques while evading oversight may never be released, According to Bloomberg, there have been ongoing efforts by the White House efforts to ... continue reading


Landmark pregnancy discrimination case heard by Supreme Court Watch

Image of Depending on the high court's ruling, companies may be required to afford mothers-to-be the same

By Catholic Online (NEWS CONSORTIUM)

A landmark case involving the rights of expectant mothers in the workplace was heard by the Supreme Court this week. Depending on the high court's ruling, companies may be required to afford mothers-to-be the same "reasonable accommodation" as they would ... continue reading


17 states REBEL against Obama, join lawsuit over immigration scandal Watch

Image of 17 states have banded together to sue Obama over his illegal action to refuse to enforce immigration reform, hoping the courts will block his attempts at providing amnesty to 5 million illegal immigrants.

By Matt Waterson (NEWS CONSORTIUM)

Seventeen states have allied together in order to sue President Obama's administration, citing the president's disregard for constitutional limits to presidential power, and refused to fulfill his obligation to enforce U.S. laws when he attempted to dismiss ... continue reading


A distinct euphemism: Health care reform was 'political miscalculation,' Schumer says Watch

Image of When the Democratic Party focused in exclusion to all else, on health care, he added,

By Catholic Online (NEWS CONSORTIUM)

One apt euphemism - which is essentially a nice term very a not-at-all-nice term, is the phrase, "Economical with the truth," i.e. lying. Senator Charles Schumer of New York, in summarizing the massive loss by democrats in elections earlier this month, said ... continue reading


The man behind the mess of Obamacare wants you to encourage abortion! Watch

Image of John Gruber, the man behind Obamacare, is an ardent supporter of abortion.

By Catholic Online (NEWS CONSORTIUM)

The architect of the Affordable Care Act (ACA), John Gruber, has made a fool of President Obama and the Democrats in his administration once again. LOS ANGELES, CA (Catholic Online) - Gruber has been recorded numerous times admitting that the ACA was written and ... continue reading


All Politics & Policy News

Newsletters

Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Daily Readings

Reading 1, First Samuel 1:24-28
24 When she had weaned him, she took him up with her, ... Read More

Psalm, First Samuel 2:1, 4-5, 6-7, 8
1 Hannah then prayed as follows: My heart exults in ... Read More

Gospel, Luke 1:46-56
46 And Mary said: My soul proclaims the greatness of ... Read More

Saint of the Day

Saint of the Day for December 22nd, 2014 Image

St. Chaeromon
December 22: Bishop of Nilopolis, in Egypt. When the persecution was ... Read More

Inform, Inspire & Ignite Logo

Find Catholic Online on Facebook and get updates right in your live feed.

Become a fan of Catholic Online on Facebook


Follow Catholic Online on Twitter and get News and Product updates.

Follow us on Twitter