The Fallacy of ‘The American Dream’ The American identity is built on the notion that if one works hard then he/she can get ahead regardless of their social condition. This notion is based on the concept of the American dream, which refers to the ideology that every American has an equitable and equal opportunity to achieve prosperity as long as he/she is determined and works hard. Most economically successful people always claim to have attained the American dream. Meanwhile, children, students, young adults as well as people in the low and middle classes are always encouraged to be determined and to work hard because they can also achieve the American dream. While it is laudable that successful stories are being used to inspire many Americans, evidence and statistics show that the American dream is just a dream; a fallacy. The American dream
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For example, data shows that the income of the top 1% increased by 148% while the income of the top 0.1% grew by 343%. Meanwhile, the income of the top 0.01% rose by an astonishing 599% (Krugman 388). These statistics show that while poor Americans are getting poorer, the rich are actually getting richer. The assertion that the wealth gap between poor and rich Americans is best conceptualized by Robert Reich in his article “Why the rich are getting richer and the poor, poorer.” In this article, Reich writes that Americans were in the same economic boat at one point in time. This was to change when people found themselves in three different boats, particularly in the 20th century when income inequality became evident. He writes that one boat containing routine producers was sinking fast while the second one containing in-person servers was sinking slowly. On the contrary, the third boat containing symbolic analysts was steadily
For example, data shows that the income of the top 1% increased by 148% while the income of the top 0.1% grew by 343%. Meanwhile, the income of the top 0.01% rose by an astonishing 599% (Krugman 388). These statistics show that while poor Americans are getting poorer, the rich are actually getting richer. The assertion that the wealth gap between poor and rich Americans is best conceptualized by Robert Reich in his article “Why the rich are getting richer and the poor, poorer.” In this article, Reich writes that Americans were in the same economic boat at one point in time. This was to change when people found themselves in three different boats, particularly in the 20th century when income inequality became evident. He writes that one boat containing routine producers was sinking fast while the second one containing in-person servers was sinking slowly. On the contrary, the third boat containing symbolic analysts was steadily