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.
