The term "trickle down economics" IMO gets a bad wrap. When it was conceived the idea was to promote business, which would create more jobs and lead to prosperity for all.
The issue isn't policies that promoted business, but policies that benefited only the wealthy and strangled business. I've mentioned the issues of decreasing tax base, property prices, limited zoning opportunities, access to capital etc...these aren't trick down policies. These are policies that concentrate wealth and then put an abrupt stop any trickling down.
As for dramatic change, the main issue is that there are too many people with too many resources benefiting off the status quo. Every babyboomer with a property worth 20 times what they paid for it loves the current situation. They are appeased and believe that they've earned the wealth they have. They also form a massive voting block, and an even larger share of the total economic power. On top of that, their children don't really like what's going on, but also realize if they don't rock the boat they are in for a big pay day when their parents kick the bucket. Overall, societal pressure to solve the issue is low, and the inevitable outcome is a collapse of some kind.
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