One of the great things about America is that just about anyone can become wealthy through great ideas and hard work. You’d think that would be celebrated, but one of the most divisive themes emanating from liberal progressive socialists — especially President Obama — is resentment against the wealthy, the one-percenters and those who “did not build that.” We’re constantly bombarded with empty speeches about shared prosperity and income inequality.
So add to that list of the wealthy one-percenters the president himself. According to financial disclosure forms released this week, the president and first lady listed assets worth between $2 million and $7 million for 2013, of which $1 million to $5 million were in Treasury notes, as reported by International Business Times.
I can’t help but note that the Obamas’ net worth at the end of 2007 was “only” $1.3 million. The $7 million figure represents a 438% increase! Yes, I’m sure that’s change he can believe in, but what about the rest of us?
I don’t begrudge the Obamas – or anyone for that matter — but I do have an issue with the apparent “do as I say, not as I do” mentality that drives the messaging of progressive socialists. It’s as if a new soviet-style politburo is being established, one of political, media, and entertainment elites — and the rest of us schmucks for whom they possess a certain level of disdain.
The Obamas reported income of $503,183 in April last year, of which $400,000 is the president’s salary of $400,000. In the financial disclosure form, which permits public officials to list their assets in broad ranges, the president reported outside income from book royalties, including Dreams from My Father, The Audacity of Hope and Of Thee I Sing: A Letter to My Daughters
, and investments worth between $180,000 and $482,000. Their assets also include Vanguard retirement funds and college savings plans.
Who says politics doesn’t pay?