$11.8 million doesn't concern me a whole lot. Of course, I doubt he earned most of his money honestly, given that he is a big rent-seeking politician.
But, $11.8 million in assets is well within the range of what could be earned honestly. What's unlikely to be earned honestly is a billion dollars. I will guess that at least 95% of billionaires are crooks who "earned" their money from anti-competitive privileges, no doubt given to them from collusion with the government.
Not that I want a billionaire beheaded.. But I would like to see every billionaire guilty of profiting from anti-competitive privileges (not including patents) to be imprisoned for life, and their wealth appropriated. However, I would be willing to allow their close relatives who are innocent of any wrong doing to keep up to $5 million.
So I favor imprisoning Barack and Michelle Obama for life, if a large portion of their money was earned dishonestly, but I would let each of their kids have $5 million, leaving $1.8 million to be appropriated.