As my friend Matt Mayer pointed out: “Obama’s rhetoric against the “rich” drips [with] inferences that wealth was earned wrongly. [Yet Obama himself] is in the top 0.5%. In 2005, [he made] $1.6 million; 2006=$991k; 2007=$4.2 million. How did he get his?”

Good question.

— Veronique de Rugy is an economist at the Mercatus Center at George Mason University.