First of all, what's good for the S&P is good for anybody that owns it and anybody that can save enough to buy one share of spy can start participating in the benefit of tax loopholes the companies they own enjoy. That's the good thing about a capitalist economy, anybody regardless of race, religion or any other reason that is being presented as a barrier, can buy a piece of the action and share exactly equally with the richest owners. The problem arises when what's good for the S&P is not good for America. And it's still all good, but the loop holes and regulations S&P enjoys are not always available to the rest of the small businesses and the S&P and government are usually in cahoots to make sure that no competition steps on their turf. It's not the rate small business complains about. They are just happy they made money to be taxed on. It's the constant bickering with the IRS to get the best rate that the large corp enjoys. Either way, taxes and government are the problem. Get rid of them and everybody would be back on the level playing field again. It will take a lot of work to progress in the dismantling of all the damage the socialists have done world wide. But they are not gaining any ground since their failed ideals are just now being experienced in a serious way by what they call "the middle class." So it's good to see so many new faces joining the fight against the democrats and all they represent. Don't be discouraged. We will be great again.The problem in a capitalist country is when big business and the rich are not paying their fair share. Nobody is arguing that the rich should take care of the poor. But the fact that there are loopholes that allow the rich and big corporations to escape their fair shares is the really issue here.
Trickle down does not work in a society where the top is not doing what trickle down economics assume. Let me give you couple examples. Big corporations are supposed to hire more full time employees when corporate taxes are lowered. They don't however, mostly they invest in automation or hire part time employees. Part time workers have zero incentives to have babies or consume on a large scale because their future is highly uncertain. The rich equally have no incentive to give away more when there are so many loopholes to actually avoid paying their proper tax bracket. Trickle down works when he assumptions are valid. They are not valid at all in 2017.
I believe we will get to a point where the middle class and everyone below will stage a revolt and either an extremist left is getting into power who makes life for the upper echelon miserable and unbearable or the mob will drive out the top altogether. Nobody benefits from that. The problem that I see in the US is that everyone is so occupied with their pretty political views (as if it mattered or anyone cared) as opposed to seeking solutions that are fair and work for a much larger percentage of society. Even conservative Republicans in the middle class will eventually feel sold out by the current administration and turn to other propositions.