All sounds very well and good for the most part . However, people also ignore the fact that the issue with adding more tax for the rich is that it can discourage investment and economic growth. High taxes on the wealthy can reduce their incentive to invest in businesses, or start new ventures. When the wealthy have less disposable income due to higher taxes, they may be less likely to take risks and make long-term investments. In turn this can actually have a negative impact on job creation and economic development.