The Trouble With Billionaires' by Linda McQuaig and Neil Brooks: An Analysis

The “American Dream,” according to Truslow Adams, is “being able to grow to the fullest development as man and woman.” This ideal is not based on fame or wealth, but on enough to sustain a family and live comfortably, with a steadily rising income and a decent home. It is to be believed that hard work along with the “great equalizer”, education, allows individuals the freedom to determine their own life path, regardless of their background. The idea of the American dream ensures upward social mobility for those dedicated enough to achieve this lifestyle. In spite of that, recent arguments have said that this dream is either dying, or already dead. In his book “Dream Hoarders,” Richard Reeves counters that the American Dream is in fact alive and well, but simply being hoarded by the upper middles class.

    Neuman and Keene both shared the topic on how the American Dream is being harder to reach because of the education system failing those of low-income families. In both articles they discussed that the system treating low income families is not doing justice by in the way they either set up the curriculum or funding. Moreover they tie in with similarities such as they both want to change the system that’s opposing on income families to achieve the American Dream. However they differ in the sense that in Neuman’s article she based it all on the observation on early childhood education with all proved data based off of two neighborhoods, one high and one low income, meanwhile Keene’s article is based on her own personal opinion on her experience on “both sides of the desk”(1) and is mostly on college level students. Compared to Neuman, whose article is based on “how do we fix the knowledge gap between the two social classes, Keene’s is focused on the how the teachers should give a challenge to the students to make them want to try harder than just lower their expectations in what they should and should

In William Domhoff’s article, Wealth, Income, and Power, he examines wealth distribution in the United States, specifically financial inequality. He concludes that the wealthiest 10% of the United States effectively owns America, and that this is due in large part to an increase in unequal distribution of wealth between 1983 and 2004. Domhoff also states that the unequal wealth distribution is due in large part to tax cuts for the wealthy and the defeat of labor unions. Most of Domhoff’s information is accurate and includes strong, valid arguments and statements. However, there is room for improvement when identifying the subject of what is causing the inequality.

The American Dream has held a special place in the hearts of patriots since the very founding of America in 1776. It has been a subject of many authors who grapple with its attainability, and is a beacon of hope gazed upon by victims of circumstance. The Dream has been interpreted by great minds in various ways, and has been deemed both an evil deception and a great promise of a better life. However, the American Dream has morphed from this promise of opportunities and second chances--in fact, it has become viewed as a cause for societal competition and the reason for decreasing happiness among the American people. As Americans attempt to “achieve their goals,” and “keep up with the Joneses,” they subject themselves to the materialistic cycle of greed. Success, and the goal of the American Dream, has been redefined. To be put simply, the American Dream is now to be richer than one’s neighbor, despite the fact that happiness--and thus, the Dream--cannot be achieved solely through wealth and material goods.

“A Harvard businessman interviewed 5,000 Americans on how they thought wealth in the United States was distributed” (Wealth Inequality video). They assumed that the wealth was distributed a little unfairly, with the top 20% owning most of the wealth in a low but even decline into poverty. Then he asked them what they thought would be the ideal distribution of wealth, 92% of them (at least 9/10) said that they thought an “ideal” distribution had the top 20% barely distinguishable from the middle class with the bottom percent not too worse off than the bottom 20% of the middle class. The reality of how wealth in the U.S. is budgeted looks something a like this: the top 20% owning well of half of all the nation’s wealth, the middle class is now as worse off as what citizens thought the bottom 20%

“In 2011, at every education level, white workers were more likely than black workers to be in good job –one that pays at least $19 per hour, has health insurance, and has some kind of retirement plan” (Jones and Schmitt). The American Dream promises equal opportunity and acceptance for every citizen in America, but sometimes that does not seem to be true to people of an opposing race. Although some people claim that America still provides access to the American Dream due to all of the different opportunities that our government and schools offer, others believe there are some setbacks that can occur while trying to achieve one's goals; such as equality struggles within race and gender.

We have all heard of this intense rollercoaster ride that we are on called the American Dream. The term was coined by James Truslow Adams in 1931 defining it as “dream of a land in which life should be better and richer and fuller for every man, with opportunity for each according to his ability or achievement.” Since it’s arrival, the Dream has evolved from a pursuit towards “freedom, mutual respect, and equal opportunity” (Shiller) to later one of greed described by Shiller as being “excessively lustful about homeownership and wealth” beginning in the 1960s. Traditionally, the American Dream included features of a nuclear family, that is one with a breadwinning father, a housewife, and two kids, owning a white picket fence home, thriving without financial worries, and a happy family. There has been a shift in focus for the Dream caused by the Millennial generation and in turn they have included features that place an emphasis on equality in all aspects of their lives from family life to the workplace placing their own twist on the Dream. The American Dream has evolved over time to include equal opportunities, college education, and happy family.

As I read The Short and Tragic Life of Robert Peace by Jeff Hobbs it shows the most enduring conflicts in America: race, class, drugs, community, imprisonment, education, family, friendship, and love. Robs’ story is about the collision of two fiercely insular worlds; the campus of Yale University and Newark, New Jersey and the difficulty of going from one to another and then back again. This book reflects a lot about the Book “Our Kids: The American Dream in Crisis” written by Robert D. Putnam. Putnam mainly talks about the state of upward mobility, the changes to family life, neighborhoods and schools in ways that give big advantages to children at the top and make it even harder for those below to work their way up. Putnam challenges the promise of the American Dream “that anyone, regardless of his or her origins, can have a fair start in life”. Personally as I was growing up that’s all I was taught about, this so called “American Dream” that everyone works so hard for and how hard it is to live this dream. The fear of not being able to live this dream made Rob want to do everything in his power to be able to make as much money as he can and to live this “American Dream” with his mother.

There is no doubt that wealth inequality in America has been escalating quickly; the portion of total income earned by the top one percent has doubled since the beginning of the 1970’s. The wealthy are the main beneficiaries

In the essays “The American Dream: Dead, Alive, or on Hold?” by Brandon King and “Confronting Inequality” by Paul Krugman, the authors discuss a wide variety of ideas that affect or maintain the idea of income inequality in America today. In the essay by Brandon King, he clearly states that the values of the American Dream are still alive today, but are getting harder and harder to achieve for the average person. King argues that the American Dream of today has drastically changed from what it used to be, and that the thought of being successful only lays within having a steady life with little to no struggle. However, in “Confronting Inequality”, Krugman has a different approach on the topic, arguing that the American Dream is no longer alive. Krugman states that the rise of income inequality will also lead heavily to social inequality, and that the rise of income inequality is a huge cause of social inequality as well. The two authors use a majority of viewpoints and methods to explore the same topic of inequality. However, there are also many ways in which both authors offer different sides of the argument and how it should be handled.

For decades history has been repeating itself and in this continuous cycle, poverty does the most spinning. One can grow up in an environment where there is a never ending struggle to achieve “the American Dream.” Therefore, children see their parents try their hardest to provide for them while obstacles in society deter them. Society has created social classes or groups to categorize people base on their income and soci-economic status. In the stories, “The Lesson” by Toni Bambara, and “House on Mango Street” by Sandra Cisneros, these two authors discuss how fulfilling the America Dream is possible once one is willing to work for it.

When people think of the American Dream, most think of the good that arises with it. They don’t consider the hardships and obstacles one must overcome. Many immigrants come to America in hopes of accomplishing their dreams and aspirations, and if they can’t, maybe their children can. Haspel debates how “The U.S. has changed drastically in the last several decades. The middle class, which was the heart of the American Dream, is dwindling, and the disparity of wealth among social classes continues to grow.” (41) This defends the popular phrase “The rich get richer while the poorer get poorer.” In essence, the American Dream can be viewed as the aim to climb the economic ladder. As the economic gap between the different social classes grow, it becomes harder for certain groups to see the American Dream as an attainable goal. The American Dream entails a variety of opportunities, and it is hard for minorities to grasp such opportunities with limited resources. Haspel also debates that “Another issue contributing to the decay of the American Dream is the country’s changing family

However, we must remember an important fact: our generation of American faces the same wall of hopelessness that stood before those who lived through the Great Depression – and they overcame it. What we can take from them, is that we can succeed if we accept the simple fact that we must do what must be done, even if it isn’t desirable. If we graduate with a degree in fashion marketing and fail to secure employment, we work at a retail store in order to pay rent and get the bills paid. Running around for hours to work in a store takes grit; being underemployed takes gut; learning from experience and applying it to one’s life creates character. And one day, we grow. That in my belief is “the Dream.” For too many versions of “the Dream” equate prosperity to happiness, happiness I feel is not so simple. This makes it seem that the American Dream may always remain tantalizingly out of reach for some Americans, making the dream more like a cruel joke rather than a genuine dream. Perhaps, what our generation needs is to

Nowadays, many Americans wonder if the American Dream is still alive. At one point in our country, people felt that they could achieve success by working hard. However, after the economic hardships and recession of the 21st century, a number of Americans not only lost income, but some also lost their jobs. Although there has been slow progression to improve the economy, there are those who question whether or not the dream of Americans can ever be achieved again. With unemployment levels still high and salaries failing to increase, there certainly is doubt in most of Americans. In his essay, Brandon King formulates ways to redefine and change the way to look at the American dream. After analyzing King’s essay, one can see his view as believing that the dream is still very much intact. As he points out, the American economy is a very complex system that has had downfalls, but there is always a way to get back up from it. Regardless of your economic status (poor or middle class), if one has a working job, it is possible to succeed based on how much someone is willing to work to achieve their goals. As King would agree, the American dream is not only still alive and well, but anyone can reach success.

Some people may feel that wealth is not evenly distributed across segments of American society. It may not be fair and in some cases it is, but at the same time many people work harder than other people to get to where they are. So is it fair for them to be just as wealthy as someone who does nothing? Also, if wealth was distributed evenly there would probably be less jobs available and less people willing to do those lesser paying jobs because everyone would be on the same level. With more jobs available it gives people more opportunities and provides more resources for us Americans. Also, while people that are wealthier seem to have an easier life many of these people donate to charities and try to help the less fortunate. Another way