Econ-101
Rich people do NOT bury their money in the back yard!
They buy goods & services, which creates more jobs.
The expand their business, which creates more jobs.
They make their money available to be lent out for mortgages and business expansion, which creates more jobs.
These additional jobs means these there are more people contributing to the tax base and government receipts.
This is what really irritates liberals, because fewer people are in need of government hand-outs, which inhibits their ability to buy votes.
If Obama cuts taxes for the middle class, while raising them for the upper class, the result will be an increase in the number of unemployed, dependent on government handouts, and reduced tax receipts from which to fund his give away programs.