Though Interactive Brokers founder and CEO Thomas Peterffy did not get the result he wanted from spending $8 million on “ads that likened President Obama’s policies to socialism, whose evils he knew from his childhood in Hungary,” he tells Barron’s he does not regret the ads.
Peterffy says he doesn’t regret spending big bucks on Republican campaigns. “It brought a crucial issue to light and made many people think about the potential downside of this transformation the president is talking about,” he says.
Peterffy says he has no plans to run for office. “I want to join a group that can create a political force for economic freedom — but also for freedom of choice and that is pro-environment,” he says.
He would also like to work toward determining a “practical tax rate” — one that would deliver sufficient revenue and that most Americans would consider fair.