It is to Laffer

   Cut taxes and the economy will soar, is the rallying cry from conservative politicians. And they point to the curve developed by economist Arthur Laffer in 1979.
   What started as a sketch on a restaurant napkin may well look great in theory, but in the real world the policy hasn't worked out. Nevertheless, conservatives keep touting the glory of the concept, and it's back.
   The theory is based on the idea that if the government cuts taxes, companies will invest in more production, which means more jobs and lower prices, which means more sales and more consumption, which means more profit, and the circle continues.
   Reality check: It's been tried before, in the policies known as supply-side economics and Reaganomics, strongly endorsed by the Tea Party folks. More recently, it was tried on the state level in Kansas. It didn't work there, either.
   What really happened was that as firms reaped the benefits of lower taxes, they increased their profits and passed on the added revenue to shareholders.
   Logic 101: When faced with the choice of two outcomes, pick the simpler, less complicated one.
   These days, politicians in Washington talk a lot about reducing taxes, especially on corporations, and the benefits will be passed on down to workers and consumers in the form of higher wages and lower prices.
   Meanwhile, the  gap between the wealthiest 5 percent and the rest of the people keeps widening.
   Can you see a connection?
   I knew you could.