Thomas Peterffy, a billionaire Hungarian immigrant, plans to spend between $5 and $10 million to reverse what he says is America’s slide toward socialism by airing this video on networks including CNN and CNBC.
Peterffy believes voters in November could unwittingly decide the sort of social system that defines the country for decades to come.
“I grew up in a socialist country, and I have seen what that does to people. There is no hope, no freedom, no pride in achievement. The nation became poorer and poorer. And that’s what I see happening here.”
Citing his childhood in Hungary and similar scenarios that he maintains have played out in other Eastern European countries and in Cuba, he warns that America risks its freedom to succeed.