The government SPENDS (ie entitlements, foreign aid, bailouts, "green energy" failures etc) MORE THAN IT TAKES IN, COMPRENDE?
Now you will see that when you raise taxes on the so-called rich, they will fold up their tents and take their money elsewhere. There just aren't enough of those rich folks to go around , even if you take ALL of their money. See then they let their employees go and they don't have jobs and you can't take their employers money anymore and you have fewer people paying taxes period.
This administration is going to raise taxes on EVERYBODY, then it can give it to the people who don't work and don't pay any taxes. That's fair no?