Trickledown economics is just a euphemism for getting pissed on by the rich with corrupt politicians holding their dicks. The only way they can sweeten the bitter taste is with the honey of racism and bigotry these days, tax cuts for the rich are fine as long as it triggers the libs. They don't mind being pissed on at all, enjoy the taste and figure it's just natural, as long as someone they figure should be under them gets pissed on even more.
With current supply chain and inflation issues, redistributing wealth would lead to shortages, inflation and worse employee shortages. The mountains of perfectly good shit I see being tossed out every spring cleanup would grow tremendously. There are issues with doing good things too and sometimes the road to Hell...
There are smart ways to redistribute wealth though, free education for those who want to do the work and who are smart enough, free healthcare, drugs and other benefits, increased pensions for the disabled and elderly, baby bonuses, subsidized day care, infrastructure, scientific research, the list is long and beats trying to create a dynasty based on their "superior genes". The tax code used to encourage meaningful philanthropy with foundations to avoid taxes on inheritance, they had the option to give it to something of their choice or the government would do it for them.