@brokenneon @rbreich taxing the wealthy at fair -higher- rates actually strongly encourages them to spend money in pretax, tax deferred, and tax deductible investments as way to reduce what they'd would pay in taxes without said investments.

So - a minor and rather simplistic example:

A very wealthy person compensates himself very well from his business. Taxes on the wealthy are then significantly increased from their unjustly low rates of today.

The business owner, in order to v lower what he's paying in the new tax structure, then invests in his business rather than pay himself an obnoxiously high salary as a method of lessening how much he's paying in taxes.

The business then grows from that self investment while putting money back into the economy.

In the end, it's a win-win. The business grows due to the self investment and therefore the business owner is actually worth *more* than if he paid himself an obnoxiously high salary.