President Obama has made it clear that he has one political goal this December: raise taxes on the rich. Last December, in Osawatomie, Kan., Obama explained why.

“In the last few decades, the average income of the top 1 percent has gone up by more than 250 percent to $1.2 million per year,” Obama said. “Now, this kind of inequality — a level that we haven’t seen since the Great Depression — hurts us all.”