Reaganomics and the trickle down theory is fundamentally flawed in that way. It's a theory based around maximizing the short term gain of sellers on the assumption it will magically create more sellers. It doesn't take into consideration that sellers aren't created by short term gains, sellers are created by buyers.
If there's a demand from capable buyers, there will always be sellers. If a seller's net income is taxed at a higher rate, we're not going to suddenly find a lack of people willing to sell us shoes, televisions, or golf balls. It's never worked like that anywhere.
That's why, statistically speaking, things like food stamps, unemployment benefits, Medicare/Medicaid & Social Security are at the top of what most stimulates an economy. They create capable buyers. That's also why an expansion of Medicaid and insurance subsidies for mid and low income individuals & families will undoubtedly bring a long term economic gain.
Progressivism isn't an antonym to Capitalism, it's what makes Capitalism successfully function. Without it you're bound to have a system that will ultimately implode on itself.
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