Uh no. It was based on the Laffer curve which was the work of Arthur Laffer. This piece of economic theory is probably the cause of more human suffering than most over military action. Blind belief in the markets is a simplified world view. But the Chicago school lives on.
I barely survived through Thatchers trickle down reforms as a nipper. So your flippant argument of “Uh, no it was Arthur Laffer,” a non elected person that no one has ever heard of, is moot.
I suppose you are correct. But Laffer was on Reagan's council of economic advisors. The justification was as usual some ghoul taking an economic theory out of context and running with it. Economists should be aware of what they theorize, because politicians don't care about your assumptions.
Not the same,respectfully.