During Sunday’s presidential debate, Mitt Romney, who is worth more than a quarter of a billion dollars, suggested only wealthy people should run for office. He repeated advice from his father.

Mitt Romney: “He had good advice to me. He said, 'Mitt, never get involved in politics if you have to win an election to pay a mortgage. If you find yourself in a position when you can serve, why you ought to have a responsibility to do so, if you think you can make a difference.'”