world ecomomy. Taxes bring in revenue to pay for improvements in infrastructure that cause the economy to grow. Investing in modern transit systems, smart grid, energy efficiency, fast internet and other improvements leads to a huge payoff. Infrastructure improvement and maintenance is the “seed corn” of economic growth. We have been eating that seed corn since Reagan’s tax cuts. Some might argue that we can just borrow to invest in infrastructure -- but we don't. One result of the Reagan tax cuts was a cutback in infrastructure investment, which is dissed as "government spending." (For some reason the same borrowing to spend on tax cuts is not dissed.) After 30 years of Reaganomics our infrastructure has fallen behind and we are not competitive in the world economy.
Apparently none of the gaggle of deficit commissions have seen this chart:
http://www.truth-out.org/did-the-rich-cause-the-deficit65278Sorry for linking this chart....Just don't know how to copy and paste it like the rest of artice. But it really is the best chart I have seen explaining how entitlements for the rich is impacting our infastructure-it is destroying it.