Obamaonmics and Tax Policy

If you increase taxes on the rich, but the economy grows because the middle class are more likely to spend the money than save it, the rich will still make more money then they are today, this will lead to increases in jobs created, taxes collected and a shrinking of our national debt, just as it did in the Clinton years. Once we pay off the debt we can lower taxes for everyone without having inflation eat up those increases(as they did with the Bush Tax cuts). The single biggest line item in the US Budget is not entitlement programs or defense, it is the interest on the national debt. Trickle down economics is a fallacy, as is supply side economics. Both theories underestimate the greed and overestimates the giving nature of people.