I mean is anybody surprised? I can't believe anyone ever swallowed this lie. Even when I was a kid and Reagan was trotting this one out for all the adoring boomers (just aged myself there...) I remember thinking "that doesn't sound right...".
This idea of the benevolent wealthy class that shakes loose "wealth dust" for the proletariat is insane. It's way past time that we reverse course on this. We need to put the regulations and tax policies _back_ in place and shore up our tax laws. This isn't some radical idea. We actually had laws in place up until the 70's that kept the scales balanced somewhat in this regard. It's hard to ignore the wealth inequality gap began widening riiiiiight at about the point we started stripping them away...