You're missing the boat,Chrissy.This is what Obama is talking about.
"As for the claims that the wealthiest Americans worked to earn their riches, 60 percent of the income for those on the rich list comes from capital gains, that is, money gained from simply holding valuable assets such as stock, which is taxed at a mere 15 percent, about the same as the income tax rate paid by a low-wage worker.
A large portion of those on the Forbes 400 list are in sectors divorced from the production of socially useful goods and services. One quarter of them come from the finance and investment sector, while only 10 list their source of income as manufacturing.
In other words, the fortunes of the wealthy elite in the United States come largely from parasitic activities, financial speculation and driving down of living standards of the vast majority of the population."