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 November 2014
Lonely people:
That all who suffer loneliness may experience the closeness of God and the support of others.
Mentors of seminarians and religious: That young seminarians and religious may have wise and well-formed mentors.



Comments


More Politics & Policy

Obama's war on America continues with secret Thanksgiving regulations dump Watch

Image of President Obama is going to release a new set of regulations over the Thanksgiving holiday, when many Americans are unlike to notice.

By Catholic Online (NEWS CONSORTIUM)

Not content to listen to the voice of the American people after the 2014 midterm election, President Obama is set on continuing his power grab, and forcing his will whether Americans like it or not. LOS ANGELES, CA (Catholic Online) - The White House is getting ... continue reading


Sen. Graham: Benghazi report misses information and is 'garbage' Watch

Image of Sen. Graham said he will take a 'hard look' at the new report.

By Catholic Online (NEWS CONSORTIUM)

Senator Lindsey Graham (R-SC) has blasted the Benghazi report recently released by the house Intelligence Committee. Graham says the report, released on Friday, is inaccurate, and called it "full of crap." LOS ANGELES, CA (Catholic Online) - Saying he thought "the ... continue reading


Seventh terrorist suspect released from Guantanamo in two weeks; Republicans protest Watch

Image of Muhammad al-Zahrani, became the 13th prisoner released this year and the seventh in just two weeks.

By Catholic Online (NEWS CONSORTIUM)

A Saudi Arabian man has been released from the terrorist holding facility Guantanamo Bay. He was the seventh such suspect in two weeks to have been transferred from the United States to another nation. The practice has created a great hue and cry among Republicans, who ... continue reading


The Immigration Conflagration and the Dangers of a Benevolent Dictator

Image of

By Keith A. Fournier

There is no question that comprehensive immigration reform is needed. Most people acknowledge this as a fact. However, the truth is President Obama could have participated in such reform, and he knows it, by working with the 114th Congress which will soon be sworn ... continue reading


Running out the door, Republicans too busy with Thanksgiving to address laws Watch

Image of

By Catholic Online (NEWS CONSORTIUM)

With Thanksgiving turkeys dancing in their heads, many Republican lawmakers are running out the door in lieu of considering a plethora of new legislation. Republican members have discussed resolutions of disapproval and censure. One unnamed lawmaker was ... continue reading


The TOP 10 list of countries where slavery is most prevalent. DO YOU BENEFIT FROM SLAVERY? You might be shocked! Watch

Image of Poor Haitians are commonly enslaved by wealthier family members.

By Catholic Online (NEWS CONSORTIUM)

Last week it was announced that some 36 million people around the world live in slavery, a number that is higher than at any time in history. While most Americans feel that slavery is a distant problem, which has little or no effect on their lives, the sad fact is that ... continue reading


Raking in the dough: Obamacare 'architect' worth millions Watch

Image of Jonathan Gruber has a lucrative connection with the Department of Health and Human Services.

By Catholic Online (NEWS CONSORTIUM)

Jonathan Gruber's good fortune would make lots of college students change their majors to economics. The Massachusetts Institute of Technology, along with his firm Gruber Microsimulation Model has raked in millions. Gruber's chief function is estimating the ... continue reading


Why have Republicans betrayed us to the most anti-life president in history? Mark Levin has an idea Watch

Image of Mark Levin is a Constitutional scholar and commentator.

By Catholic Online (NEWS CONSORTIUM)

Two weeks ago, the American people spoke and sent a message to Obama that we did not approve of his style of leadership. Americans gave control of both the House and Senate to Republicans with a clear mandate to put a stop to the rule of the most anti-life, ... continue reading


Reaping what is sown: No immigration reform hurt Democrats in midterms, former president Clinton says Watch

Image of Speaking in an interview with POLITICO's Mike Allen, Clinton was celebrating the 10-year anniversary weekend of the opening of his presidential library in Little Rock.

By Catholic Online (NEWS CONSORTIUM)

A lack of action may have cost President Obama and the Democratic Party big time, former President Bill Clinton says. The Republican victory at midterms earlier this month may have been the result of a lack of action on immigration reform. Clinton says that ... continue reading


'Mook Mafia' said to be heading Hillary Clinton's run for president Watch

Image of Mook is a word used to describe an underling or person with limited intelligence who does as he was told by higher-ups.

By Catholic Online (NEWS CONSORTIUM)

As coined in the 1974 Martin Scorsese film, "Mean Streets," "mook" is the term used by Italian Americans used to denote a "loser." In later years, mook became known as a word used to describe an underling or person with limited intelligence who did as he was ... 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, Revelation 14:14-19
14 Now in my vision I saw a white cloud and, sitting ... Read More

Psalm, Psalms 96:10, 11-12, 13
10 Say among the nations, 'Yahweh is king.' The world ... Read More

Gospel, Luke 21:5-11
5 When some were talking about the Temple, remarking ... Read More

Saint of the Day

Saint of the Day for November 25th, 2014 Image

St. Catherine of Alexandria
November 25: St. Catherine of Alexandria, Virgin and Martyr whose feast day ... 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