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Louis Fed, income inequality has gone up considerably over the past 40 years. The top 1% in the country have seen their paychecks grow exponentially while the working class wages have barely moved. Meanwhile, food prices, health care, education, homes, cars, stocks, bonds—virtually everything has gone up. The wealthy can afford them, but the lower classes have to borrow or work two jobs just to maintain the status quo—and it is getting harder and harder to do that as inflation continues to be seen across the board, though wages for the middle and lower classes stay put.
The video uploaded by WarZalez (2011) entitled “The One Percent” shows that the top 1% of families own 40% of the nation’s wealth. That is an astounding figure and indicates the extent to which the wealth gap has grown in America. While most Americans are just working to get the car or the house or the vacation, the 1% own multiple homes, luxury cars, take vacations for entire years from time to time. For the 1%, the American Dream is an everyday reality. For the rest of the planet it is largely an illusion sold to them by creditors.
What should be done…
The American Dream: An Elusive Ideal The "American Dream" is a pervasive concept in American society that embodies the aspiration for individual prosperity, success, and happiness. It is often characterized by the pursuit of material wealth, home ownership, and a comfortable lifestyle. Yet, despite its widespread acceptance, the American Dream remains an elusive ideal for many. According to the Declaration of Independence, "all men are created equal," and have the inherent right
In this way the American Dream became even less accessible to poor persons, who in the past may have expected help from the more fortunate sectors of society. Instead they were forced to see the rich grow increasingly richer without any chance for access to prosperity. Unemployment and disparate income rates exacerbate the problem. Those employed in the most worthy of caring professions are often at the lowest end
American Dream" Deadline: May 3rd, 2013 Intro: "In United States, major ideology American Dream, suggests equality opportunity exists positions social class structure a reflection deserve. The American Dream is generally regarded as a set of privileges that an individual living in the U.S. would have access to freedoms providing him or her with the chance to become prosperous and to be happy in general. The basic idea of the American
Moreover this lends him inimitability, it lends him importance, and it gives him honor. Like each one among us ranging from the first note to the last note in the entire octave of music on the keyboard of God is important since every man is created in the image of God. (A Knock at Midnight: Inspiration from the Great Sermons of Reverend Martin Luther King, Jr.) The Declaration of Independence'
Winter Dreams The American Dream is a concept uniquely American which says that if a person is willing to work hard enough, and then they can climb up from their birth station and become successful. This is true except that a person who is self-made, that is to say someone who was born poor and made themselves rich will never be accepted into groups who focus on "old money." Old money
The development of the American automobile industry is one of the best examples of this interplay: "Unlike European manufacturers, who concentrated on expensive motorcars for the rich, American entrepreneurs early turned to economical vehicles that could be mass-produced," (Jackson 159). The fact that so many Americans then became capable of purchasing a car both fed the notion of the American dream, and also served to expand American cities and