> As much as people may dislike Regan, his goal for reducing taxes on the wealthy was based upon the laffer curve.

If this were the case, revenue would have gone up after the tax cuts. They didn't. Receipts as share of GDP fell and the deficit tripled. The debt went from 25% of GDP to 40% of GDP during Reagan. We've never meaningfully been on the wrong side of the Laffer curve. It's basically just conservative propaganda at this point.

As the other post mentioned, the strategy is and was Starve the Beast. We know this because that's what Reagan actually campaigned on.

> "John Anderson tells us that first we've got to reduce spending before we can reduce taxes. Well, if you've got a kid that's extravagant, you can lecture him all you want to about his extravagance. Or you can cut his allowance and achieve the same end much quicker."