Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

10/12/2012 (2 years ago)

Catholic Online (

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.


By Catholic Online (NEWS CONSORTIUM)

Catholic Online (

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'

Copywriter 2015 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for October 2015
That human trafficking, the modern form of slavery, may be eradicated.
Evangelization: That with a missionary spirit the Christian communities of Asia may announce the Gospel to those who are still awaiting it.


More Politics & Policy

Gennifer Flowers expresses her fears from the Clinton Crime Family Watch

Image of

By David Drudge, The California Network (NEWS CONSORTIUM)

Gennifer Flowers is back in the spotlight and this time she is going after Hillary Clinton, referring to her claims that Clinton is campaigning on behalf of women "a joke." LOS ANGELES, CA (Catholic Online) - Gennifer Flowers spoke out against Hillary Clinton last ... continue reading

All pork products banned from federal prisons, by order of Obama Administration Watch

Image of The Bureau of Prisons maintains the food supply of 206,000 federal inmates, and runs 122 federal penitentiaries. Inmates are served three meals a day. Authorities say that the pork ban was based upon a survey conducted by inmates.


In a move that seems suspiciously Muslim in nature, the Obama administration has banned all pork products in federal prisons. The federal Bureau of Prisons, a subdivision of President Barack Obama's Justice Department, is following the edict. The administration ... continue reading

NOT EVEN CLOSE: Obama administration falls short of ending child hunger in the U.S. Watch

Image of A pledge, on the part of U.S. President Barack Obama to eradicate childhood hunger in the United States by 2015, has fallen noticeably short.


A pledge, on the part of U.S. President Barack Obama to eradicate childhood hunger in the United States by 2015, has fallen noticeably short. "Needless to say, the nation is not close to eliminating childhood hunger in this - the target - year," Food Research ... continue reading

Kevin McCarthy quits speaker race amid allegations of affair with Renee Ellmers Watch

Image of Majority Leader Kevin McCarthy (R-CA) pictured with Renee Ellmers (R-NC)


According to Washington insiders, Kevin McCarthy (R-CA) is having an affair with Renee Ellmers (R-NC). McCarthy dropped out of the Speaker race, and may have done so because an unknown insider is circulating a surveillance video on Capitol Hill, of him dining with ... continue reading

President Obama faces uphill battle with Pacific Rim trade pact Watch

Image of The Trans-Pacific Partnership is being battered on both sides of the right and the left in the U.S.

By Catholic Online (NEWS CONSORTIUM)

United States President Barack Obama has hailed the Trans-Pacific Partnership (TPP) the largest free-trade agreement in a generation, as its completions will open new markets for U.S. goods and services. While Obama says the agreement will give "our workers the fair ... continue reading

California Governor Jerry Brown signs 'End of Life Option Act' Watch

Image of

By Catholic Online (NEWS CONSORTIUM)

California Governor Jerry Brown has signed the "End of Life Option Act" into law this week. While he remained largely ambiguous about the bill, he came forward with the statement that the "Crux of the matter is whether the state of California should continue to ... continue reading

Trans-Pacific Partnership faces criticism in Congress Watch

Image of Citizen protests the Trans Pacific Partnership (AFP).


The controversial Trans-Pacific Partnership has been finalized and will be presented to business leaders by US President Barack Obama. However, Congress has already shown skepticism over the pact. LOS ANGELES, CA (Catholic Online) - Twelve countries in the Pacific Rim ... continue reading

#IAmaChristian: Ben Carson honors the Oregon shooting's fallen students Watch

Image of Ben Carson (Facebook).


Nine were shot dead during the recent horrifying shooting at the Umpqua Community College in Roseburg, Oregon where a student claimed the gunman specifically targeted the religious. Following the claim, Republican presidential candidate Ben Carson started a social ... continue reading

Supreme Court to render decisions on sensitive topics of abortion, birth control, race Watch

Image of An even more pressing issue to go before the court will be the issue of religious freedom coupled with President Obama's health care reform.

By Catholic Online (NEWS CONSORTIUM)

The Supreme Court is rolling up its sleeves to render decisions that have long roiled the United States: abortion, birth control, religious freedom, and race. None of the pending decisions is likely to have the same import as the recent decision regarding ... continue reading

False ambassador has been working in government affairs for five months Watch

Image of Brett McGurk (C-Span).


For five months, an Obama administration official falsely presented himself as an official U.S. ambassador.  LOS ANGELES, CA (Catholic Online) - Brett McGurk, who is a deputy special presidential envoy to the Global Coalition serving under General John Allen, was ... continue reading

All Politics & Policy News


Newsletter Sign Up icon

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

Subscribe to Catholic OnlineYouTube Channel

Daily Readings

Reading 1, Romans 1:16-25
16 For I see no reason to be ashamed of the gospel; ... Read More

Psalm, Psalms 19:2-3, 4-5
2 day discourses of it to day, night to night hands ... Read More

Gospel, Luke 11:37-41
37 He had just finished speaking when a Pharisee ... Read More

Saint of the Day

Saint of the Day for October 13th, 2015 Image

St. Edward the Confessor
October 13: Edward the Confessor was the son of King Ethelred III and his ... Read More