Socialism the Rich will be Poorer -- but the Poor will also be Poorer

1944 in the basement of a hospital in Budapest Hungary Thomas Peterffy was born during a Russian air raid. Twenty one years later (in 1965) Thomas emigrated to the United States to escape communism and fulfill the American dream. With hard work, dedication and determination Thomas started a business that today employs thousands of people. He bought a seat on the American Stock Exchange in the 70's and was key in developing electronic trading of securities.

Peterffy is quoted as saying “I think the way a CEO runs his company is a reflection of his background. Business us a collection of processes, and my job is to automate those processes so that they can be done with the greatest amount of efficiency”

Petterffy is also quoted “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. Yes, in socialism the rich will be poorer -- but the poor will also be poorer. People will lose interest in really working hard and creating jobs."

Petterffy exemplifies what America is about and what American needs to stimulate a resurgence. View his ad on YouTube here: Thomas Peterffy - Freedom To Succeed. It is a powerful statement.

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