It is a common misconception that the pejorative term “trickle down” suggests a state of the economy in which all the money is given to the rich and then distributed. That is the socialist ideal, really. What trickles down in actual fact in an economy where taxes prohibit progressive growth is poverty. You can try to tax the rich, but it is the poor who will suffer for it. This makes no sense in standard economic theory, but it is an observable fact throughout history. Either reality is incorrect, or economic theory is incorrect.