The cynical might dismiss Obama’s preoccupation with higher tax rates as an instance of a candidate dwelling on one of his few proposals that tests well in the polls. Certainly, he doesn’t want to talk much about Obamacare or the stimulus package. …

But maybe Obama’s Captain-Ahab-like pursuit of higher tax rates just comes from a sense that no one earns success and that there’s no connection between effort and reward.

Affluent voters trended Democratic over two decades on cultural issues. But economic issues dominate this year, and they may not appreciate Obama’s assertion that they don’t deserve what they’ve earned.