What about raise taxes on rich with more write offs?

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I will always agree that just raising taxes on the rich or anyone hurts the economy.

But what if you raise the rate on the top earners to say 75% but give them a ton of tax breaks/write offs to encourage constant investments and purchases? Couldn't that actually spur economic growth?

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You don't need to incentivize investment. When people have discretionary surplus, they spend it, bank it, or invest it already. They do not stuff cash in their mattresses.

When banks have money, this is actually a good thing for the lending industry and helps stave off excessive inflation/deflation.

When wealthy people spend money, other businesses benefit and this money circulates through the economy and creates GDP/tax revenues.

When wealthy people invest, jobs and R&D are created, again spurning the economy, but also detracting slightly from GDP/tax revenue. It also pools wealth inside a smaller amount of entities.

It's actually MORE beneficial to have wealthy people spending their discretionary surplus. This actually "spreads the wealth" and reduces wealth pooling.

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Joe Brunner

A Great summary by a Notre Dame University engineer.
Here are the 10,535 pages of Obama Care condensed to 4 simple sentences. As humorous as it sounds.....every last word is absolutely TRUE!
1. In order to insure the uninsured, we first have to un-insure the insured.
2. Next, we require the newly un-insured to be re-insured.
3. To re-insure the newly un-insured, they are required to pay extra charges to be re-insured.
4. The extra charges are required so that the original insured, who became un-insured, and then became re-insured, can pay enough extra so that the original un-insured can be insured, so it will be 'free-of-charge' to them.
This ladies and gentlemen are called "redistribution of wealth" or, by its more common name, SOCIALISM," or "PROGRESSIVISM," the politically correct names for COMMUNISM!
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I'm no tax expert but I do invest in dividend paying securities. All dividends are taxed at 18% whether you were paid 1$ or 10million$.

A very large portion of the super rich earn the majority of their income in form of dividends so they are taxed only 18%.

It seems to me that there should be a graduated scale for taxing dividends for example the first 100k a year is taxed at 15%. From 100k to 1m is 22%. Over 1m is 25%.

With this you could probably just lower everyone's income tax to some small flat rate and still have more revenue going to the government.

I also could be talking out of my arse.