As life continuously becomes difficult in America, U.S Citizens can still find optimism in the American dream. A dream that applies to all regions, races, and religions. It is the idea that, every American has equal opportunities to find success and happiness through hard work. The American dream doesn't necessarily mean going from poverty to absolute wealth. Things simple such as owning a home or affording a college education is a precious dream to many Americans. The flaw in that statement are the two words “equal opportunities”. The American dream is filled with false hopes and promises. Individuals who are working hard, never even earn the chance to find their happiness. America’s poor economic mobility is the reality American should face …show more content…
Plain and simple, Americans are not aware of the facts. In Freeland’s essay “Plutocrats” she states that “The reality today is that the rich—especially the very, very rich—are vaulting ahead of everyone else. Between 2002 and 2007, 65 percent of all income growth in the U.S. went to the richest 1 percent of the population.” (para2) As unbelievable as it sounds, it is all true. In other words, over half of the money made by all 318 million people, was made by only 3.18 million. This overwhelming gap leaves the rest of America will little to no hope of elevating up the economic ladder. In “Economic Mobility Hasn’t changed in Half-Century in American, Economists Declare” Jim Tankersley states: “Because there’s so much more inequality, people near the bottom tend to stay near the bottom, and that’s much more consequential than it was 50 years ago.” (para 6) In the span of 50 years, the regular citizen has had no improvements while the elites became …show more content…
In “The Death of Horatio Alger” Krugman makes this accusation against political leaders. “Our political leaders are doing everything they can to fortify class inequality while denouncing anyone who complain.” Many of the political leaders are supported by the wealthy. Even their careers are completely fueled by the funds of the rich. In “We are the 99.9%” Krugman states the most common response used by the elites. He states:” the super-elite are “job creators” — that is, that they make a special contribution to the economy” (para 7) Therefore these “job creator” should earn a tax break. However, the focus would be placed on the elites or the top 1%. An increase of tax for these individuals should hurt them financially. However, the republicans still support the idea of giving the wealthy tax cuts. The amount of power that they possess allows them to bend the rules to their advantages. Some of these individuals are directly responsible for thousands of jobs forcing the government to treat them differently. This is very similar to the point made by Thomas L. Friedman in his essay “Globalization the Super Story". When discussing the power of global markets Friedman states:” The United States is the dominant player in maintaining the globalization game boards, but it is hardly alone in influencing the moves made on that game board. (393)” This leaves the wealthy with the
America was once known as the land of opportunity. However, that is no longer the case. Americans are still suffering from a depression that began three years ago in 2008. According to the Bureau of Labor Statistics, in 2007, the United States unemployment rates were 4.6 percent. In 2009, one year after the depression began, the unemployment rate rose to 7.6 percent. Millions of Americans are living in poverty, unable to afford the basic necessities. On the other hand, there is a minuscule percent of the population that are billionaires. Written in 2005, Holly Sklar’s essay “The Growing Gulf Between the Rich and the Rest of Us” argues that if something isn’t done about the growing inequality between the rich and the poor, the American economy as a whole will weaken. A year later, the Economist published the article, “Inequality and the American Dream” implies that the American dream is broken. Sklar’s argument sheds light on the Economist’s argument. In particular, Sklar’s use of facts regarding the wealthiest Americans, the poorest Americans, and the discussion of the impact of inequality on society provide insight into the Economist’s article.
The American Dream has always been a driving force in the lives of Americans. It has become a foundation of ideals and hopes for any American or immigrant. Specifically, one of the ideals that always exist is the dream of America free of class distinction. Every American hopes for a society where every person has the opportunity to be whomever he or she desire. Another ideal in the American dream is the drive to improve the quality of life. As one’s idea of the American Dream gets closer and closer, often times political and social ideals of America cause their American Dream to take a turn for the worst.
The United States has always been viewed as a land of opportunity, where one could achieve anything they put their mind to, no matter who they are. Freedom and economic stability are the factors that make our country appealing. People are hopeful that the opportunities the country holds will help them achieve the American dream. This dream consists of achieving financial success, but time has proven that the American dream is a rare occurrence. Unfortunately, ambition, hard work, nor perseverance are enough to be successful in America. No individual is guaranteed success or destined for failure, but it is apparent that women, people of color, and those born into poverty will face greater obstacles than others,
Is America going to collapse due to our economic inequality? During the second major industrialization, extreme wealth hit America and monopolies were born in the business world as well as more defined classes based on wealth. Robber barons like Vanderbilt, Carnegie and Rockefeller held a new kind of wealth, owning industries while the workers under them lived in the slums of the city. Modern day America has founded laws against monopolies and such, but we are seeing the three standard American classes of wealth, upper, middle and lower, change. The upper class becoming wealthier, the middle class disappearing and joining the ever growing lower class. The article “Trouble with the Super-Rich” by Barbara Ehrenreich brings to front the problem
The lie of the American dream is that it promises to fix humanity's problems with material gain – it promises happiness from things that are not capable of giving it. And so, followers are all left unfulfilled by the great American dream, left with a reality that is much different than what was so easily guaranteed. The reality that everyone experiences, whether it is the suburban soccer mom or the tired immigrant, is that the dream is mostly unachievable. The reality we think exists is only a myth – a true mythological reality.
The American Dream provides Americans hope that if they work hard, they will eventually be successful, no matter how penniless the person. To understand the construction of this topic, there is a need to understand the circumstances involved. The Epic of America, The narrative in which the American Dream was constructed, was produced in the nineteen thirties. During this time, the Great Depression was at the height of destruction, and the new president Franklin D. Roosevelt created the “New Deal,” which inspired newly-found hope. In his Second Inaugural Address, he voiced his vision for the expanded role that the government would take in American's lives by stating, “The test of our progress is not whether we add more to the abundance of those who have much it is whether we provide enough for those who have too little” (Franklin D. Roosevelt). This began the facade of hope towards the impoverished folks attempting to achieve success. In reality the optimism and dedication given towards this dream is disproportional...
The phrase “The American Dream” is an incredible thing. The promise of that dream has convinced hundreds of millions of people that, as a citizen of this country, you can accomplish anything if you work hard enough. Whether you want to be a doctor, athlete, or even a president, those things should all be within your reach, regardless of your class or race! America is the nation where dreams can come true. Unfortunately, for a large number of people that believe this, this is a concept that does not apply to them. Many Americans find opportunities are denied to them because of their race. Others can be found living in poverty and far from anything that would be considered desirable. Statistics show that the wealthiest 1 percent of Americans earned 9 percent of all U.S. income in 1979. Did you know that the same 1 percent earns 24 percent of all U.S. income today? That is a staggering example of the income inequality in America. The American Dream is that if you work hard and have the ability you will succeed, but that has become an impossibility for millions of disadvantaged Americans because the income inequality has been steadily increasing since the 1970s and racism and poverty are constant barriers to their success and financial security.
In the United States there are four social classes : the upper class, the middle class, the working class, and the lower class. Of these four classes the most inequality exists between the upper class and the lower class. This inequality can be seen in the incomes that the two classes earn. During the period 1979 through the present , the growth in income has disproportionately grown.The bottom sixty percent of the US population actually saw their real income decrease in 1990 dollars. The next 20% saw medium gains. The top twenty percent saw their income increase 18%. The wealthiest one percent saw their incomes rise drastically over 80%. As reported in the 1997 Center on Budget's analysis , the wealthiest one percent of Americans ( 2.6 million people) received as much after-tax income in 1994 as the bottom 35 percent of the population combined (88 million people). But in 1977 the bottom 35 percent had about twice as much after tax income as the top one percent. These statistics further show the disproportional income growth among the social classes. The gr...
There are various individuals throughout the world who believe that the American Dream cannot be achieved by all people. Those who agree with this view believe that our culture contains too many roadblocks and obstacles. Some of these obstacles include prejudice, poverty, and social inequality. Another view on this matter is that others believe that America is the “Land of Opportunity”. They also believe that if you can believe it, you can achieve it. Back in the early 20th century, The American Dream meant something to people; nowadays it is a term that various people loosely throw around. The American Dream is not realistic because it is not attainable to everyone like Cal Thomas presumes and although education, budget cuts and lack of employment may seem of some concern to only a small group of people, it should in fact concern anyone who cares about the status of the economy.
Let's take it back to the past in regards to wealth distribution in this country. The fact is that the economy boomed from the end of WWII into the 1970's. “Incomes grew rapidly and at roughly the same rate up and down the income ladder, roughly doubling in inflation-adjusted terms between the late 1940s and early 1970s” (CBPP). Through the 70's economic growth slowed, and the wealth gap widened. Middle-class families were now considered lower class. People relied on the government to help them out with welfare programs. The middle-class class was weakened and the gap grew and grew. There were periods of positive fluctuation, however the middle-class simply never regained it's status that was held in more prosperous times in the past.
The American Dream is known to be a hope for a better, richer, happier life for all citizens of every class. For almost all Americans, this entails earning a college degree, gaining a good job, buying a house, and starting a family. Although this seems wonderful, a large amount of the American population believes that the Dream has changed immensely because of increased prices in today’s society, the price of tuition being highly unaffordable, as well as the unemployment rate skyrocketing and weaker job growth. While some American citizens believe it has changed, others believe that the American Dream has not changed, but point out it is harder to obtain.
The American Dream is the belief that anybody can achieve anything in life. America is known as the country of opportunity regardless of race, gender or nationality. The land of opportunity and equality rights and liberty. The American Dream is to be successful no matter what social class an individual belongs to. The opportunity for upward mobility through hard work leads to a successful life. Individuals in society often strive to obtain many resources that are important. The structure of the economy is typically related to education, occupation, housing, and health care which are not distributed equally to enable an individual to achieve equal opportunity some will have to go through hardship in order to obtain it. The lack of social mobility makes the
People who work hard enough become successful and build a good life for themselves and their family. Millions of Americans and others who admire America have believed this for generations. However, is this still true? Brandon King debates his interpretation of the American Dream in his published work, “The American Dream: Dead, Alive, or on Hold?” During his essay, the speaker highlights how important the American Dream is to the economy and providing a distance from inequality. The speaker emphasizes his belief that the American Dream is still alive within America and that people must work hard to achieve it. When discussing the American Dream, King will agree that the idea is alive and thriving in the minds of Americans; yet, I argue that the idea is on hold within American society due to lack of upward social independence and economic mobility.
The American Dream is so important to our country and especially for our generation to take seriously. The American Dream is the opportunity to reach the goals one sets for themselves. It is about having your dream job and life you have always fantasized about. The dream is also about having freedom and equality. The American Dream was much easier to attain a few decades ago compared to today. However, it is still possible. The economy was better fifty years ago than it is today. People are in greater debt now and the United States is in higher debt than it was fifty years ago. The American Dream is still possible despite the lack of improvement within social mobility in American society over the past years. The American dream is achievable by being able to live a middle-class lifestyle and that lifestyle is obtainable through hard work and perseverance, even in light of obstacles such as racism. “The American Dream is still achievable, however, the good news is that people at the bottom are just as likely to move up the income ladder today as they were 50 years ago” (O’Brien 1). The ability to attain the American Dream is hindered by race, the middle class, and giving up facing adversity.
Income inequality continues to increase in today’s world, especially in the United States. Income inequality means the unequal distribution between individuals’ assets, wealth, or income. In the Twilight of the Elites, Christopher Hayes, a liberal journalist, states the inequality gap between the rich and the poor are increasing widening, and there need to have things done - tax the rich, provide better education - in order to shortening the inequality gap. America is a meritocratic country, which means that everybody has equal opportunity to be successful regardless of their class privileges or wealth. However, equality of opportunity does not equal equality of outcomes. People are having more opportunities to find a better job, but their incomes are a lot less compared to the top ten percent rich people. In this way, the poor people will never climb up the ladder to high status and become millionaires. Therefore, the government needs to increase all the tax rates on rich people in order to reduce income inequality.