Proponents of tax cuts take the position that taxes take money out of the economy.

That’s flat out not true.

Governments don’t keep the money they collect; they spend it. It goes right back in. It just takes a different route. It goes to different places.

The places that government puts money are important. More to the point, they are important for business.

All infrastructure is an invisible subsidy for all business.

It’s easy to understand this when we’re talking about roads.

It doesn’t matter if your business doesn’t ship anything by truck or even by bicycle. The fact that you can get to your office quickly and easily, that your mailperson can get to you without traveling on the back of a mule, is a subsidy of your business.

It’s a little harder to see that when we’re talking about soft infrastructure.

Laws, regulations and their enforcement. Social Security, unemployment insurance, public health and welfare. Education, research, support of sports, arts and culture. Parks and playgrounds. All of them create a society that is safer, more stable, and more able to produce and consume. They produce a better place in which to do business.