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'


Copywriter 2015 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for May 2015
Universal:
That, rejecting the culture of indifference, we may care for our neighbours who suffer, especially the sick and the poor.
Evangelization: That Mary's intercession may help Christians in secularized cultures be ready to proclaim Jesus.


Rosaries, Crosses, Prayer Cards and more... by Catholic Shopping .com


Comments


More Politics & Policy

All for naught? FBI admits that Patriot Act didn't lead to cracking major terrorist cases Watch

Image of Opponents, with the inspector general conclude that no major cases have been broken by use of the Patriot Act's records-snooping provisions.

By Catholic Online (NEWS CONSORTIUM)

It granted the Federal Bureau of Investigation bold new powers - but now the FBI admits that the Patriot Act didn't help them crack any major terrorism cases. The Justice Department's Inspector general Michael E. Horowitz now says there are issues that keep key ... continue reading


Karl Rove's American Crossroads no longer as powerful as it once was Watch

Image of American Crossroads began by Karl Rove and other powerful Republicans were at one time a most powerful force in American politics.

By Catholic Online (NEWS CONSORTIUM)

American Crossroads, created by Karl Rove and other powerful Republicans, was at one time a most powerful force in American politics. There is evidence, however, that this is changing. The American political landscape is changing, and the group is seeing the ... continue reading


Disappointing Congress: Both the right and the left ladle out heavy disapproval for Congress Watch

Image of Republicans at 36 percent are about as likely as Democrats at 38 percent or independents at 38 percent to say Congress is accomplishing less than they expected.

By Catholic Online (NEWS CONSORTIUM)

Even republicans have very little good to say about the republican-led Congress. Just 23 percent of Americans say congressional Republicans are keeping the promises they made during last fall's campaign. The vast majority, at 65 percent say they are not. LOS ... continue reading


ENROLLMENT ZERO: No one signs up for Obamacare in Hawaii - NO ONE Watch

Image of Suppose they gave universal health care - and no one came?

By Catholic Online (NEWS CONSORTIUM)

Suppose they gave universal health care - and no one came? That appears to be the case in Hawaii, where Hawaii's Obamacare Exchange enrolled a grand total of ZERO - simply no one, people during its special enrollment period. While Hawaii's enrollment was a ... continue reading


ANOTHER LIE: Hillary Clinton's email scandal grows Watch

Image of

By Abigail James (NEWS CONSORTIUM)

Hillary Clinton is caught in another lie regarding her private email account usage. According to the New York Times, Clinton used more than one private account while serving as secretary of state. LOS ANGELES, CA (Catholic Online) - The news of another private email ... continue reading


President Obama seeks to end immigration enforcement on part of local police Watch

Image of President Obama hoped to rebut the notion that he is insensitive to the plight of police officers on the front lines.

By Catholic Online (NEWS CONSORTIUM)

President Barack Obama, while in Camden, New Jersey, said that in order for local police to rebuild trust within their communities, immigration enforcement must be taken away from state and local police and remain strictly the domain of federal law enforcement. ... continue reading


The Clintons have earned WHOPPING $25 million to deliver speeches since last year Watch

Image of Hillary Clinton has made $3.2 million from the tech sector. One of her last speaking gigs on the paid lecture circuit; she addressed an eBay summit aimed at promoting women in the workplace. Her 20-minute chat garnered a $315,000 check.

By Catholic Online (NEWS CONSORTIUM)

Former first family, the Clintons, at one time claimed they were broke. If so, this was before last year, when both Bill and Hillary delivered 104 speeches for a total of $25 million. Hillary Clinton is especially popular with high-tech firms, who eagerly shell ... continue reading


President Obama cracks down on military equipment for U.S. law enforcement Watch

Image of Making his announcement in Camden, New Jersey, the president praised efforts by the police department to improve their relationship with a poor community struggling with violence.

By Catholic Online (NEWS CONSORTIUM)

U.S. President Barack Obama gave law enforcement a dressing down this week - literally. Obama has placed new restrictions on the amount of combat-style equipment local law enforcement can use. The gesture is intended to smooth over relations with racial ... continue reading


'Iraq is the biggest disaster in American history,' former Secretary of State Madeleine Albright declares Watch

Image of Former Secretary of State Madeleine Albright believes

By Catholic Online (NEWS CONSORTIUM)

Former Secretary of State Madeleine Albright spoke plainly when discussing the ongoing Middle East crisis. "Iraq is the biggest disaster in American history," Albright declared late last week. LOS ANGELES, CA (Catholic Online) - "I have believed that Iraq is the ... continue reading


Somebody's 'Mook?' Hillary Clinton's campaign manager interned for George Stephanopoulos Watch

Image of Yo, Mook!

By Catholic Online (NEWS CONSORTIUM)

George Stephanopoulos is in hot after currently donating to the Clinton Foundation. Adding to the web of deceit, it was discovered that Stephanopoulos thanked Hillary Clinton's campaign manager, Robby Mook in the acknowledgement section of his 1999 tell-all ... 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, Acts 2:1-11
1 When Pentecost day came round, they had all met ... Read More

Psalm, Psalms 104:1, 24, 29-30, 31, 34
1 Bless Yahweh, my soul, Yahweh, my God, how great ... Read More

Gospel, John 20:19-23
19 In the evening of that same day, the first day of ... Read More

Reading 2, First Corinthians 12:3-7, 12-13
3 Because of that, I want to make it quite clear to ... Read More

Saint of the Day

Saint of the Day for May 24th, 2015 Image

St. David I of Scotland
May 24: David, the youngest son of Scotlandís virtuous queen, (Saint) ... 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