Skip to comments.Long Live the American Dream
Posted on 11/21/2011 11:00:08 AM PST by Kaslin
Liberal politicians and the occupiers who are encamped in our cities are selling a discouraging story that the American Dream is dead and out of the reach for the average citizen without government actively engaging in wealth redistribution and entitlement programs.
They are mistaken. The American Dream is still alive for those willing to apply themselves in achieving their own dreams. Yes, the gap between those in the top 1% and those in poverty has grown, but a closer look at the income mobility research indicates that the people who make up the rich and the poor change. People still move up, and people move down the income slide.
What have been described as the Bootstrap Studies during the 80s and 90s followed the same poor people over a period of time to get a true picture of income mobility in America. The University of Michigan and U.S. Treasury followed poor individuals for 17 and 9 years respectively. To generalize from the longest study of over 3,725 individuals, after 17 years, only 1 out of 20 poor Americans remained poor, 13 had become middle class, and 6 had become rich, defined by reaching the top 20% of income producers. In the 9-year study of over 14,000 families, 86 percent of those in the bottom quintile (20%) moved to a higher one, with two-thirds reaching the `middle class or above.
In a more recent 2007 U.S. Treasury study, Income Mobility in the US from 1996 to 2005, we find more evidence that there is no permanent membership in the upper-class or the under-class. Those with very high incomes in 1996the top 1 percenthad their incomes cut in half by 2005. Many rich lost substantial income. Those trying to aspire to become richthose in the top 20%on average, increased their income ten percent. Those originally in the bottom 20 percent saw a 91 percent increase in income. In fact, roughly half of them increased their income right out of poverty! Unfortunately, since others lose jobs or fail in their business efforts, people move down into poverty to take their place. The large gap is still there but the people who populate the groups keep changing.
The news seems preoccupied with the victims. They do the complaining and get the coverage. Its time we focus on achievers who are still innovating, working hard and proving that the American Dream can work one dream at a time.
For every victim the liberals talk about to justify bigger government and more entitlement programs, conservatives should honor a survivoran individual who found a way to overcome obstacles to achieve their American Dream. Let his or her story inspire and teach others to do the same.
Mitt Romney got it right, President Obama doesnt understand. Its not government that makes America strong. Its the free people of America that provide our future and our strength.
Former Speaker of the House Newt Gingrich in an interview with Larry Kudlow asserts, It is shameful the president of the United States would engage in class warfare and pit Americans against each other in way which can only be destructive of the fabric of American society. Gingrichs economic plan takes a page from Ronald Reaganlower taxes, less regulation, more American energy and work with the people who create jobs and dont engage in class warfare against them.
We should reclaim Ronald Reagans Inaugural Address: We have every right to dream heroic dreams. Those who say that were in a time when there are no heroes, they just dont know where to look. Theyre the individuals and families whose taxes support the government and those whose voluntary gifts support church, charity, culture, art and education. Their patriotism is deep. Their values sustain our national life.
What should politicians do to fix the economy? Stop punishing the productive and enslaving the dependent in programs that keep them trapped in poverty. Free Americans to do what theyve always done when given freedom and rewards for achievementsucceed! Cut spending, cut taxes, cut regulations and unleash the America Dream to take on the world and win. Politicians are not the answerWe the People are the answer. Vote for a candidate who understands that and will fight to free and encourage us to produce the vibrant economy America desperately needs.
Yet, despire these facts, unscrupulous so-called "progressive" Democrat Party politicians who, themselves, came from family backgrounds closest to the bottom now number among the America's wealthiest.
Perhaps the most outspoken and hypocritical among them is now-disgraced John Edwards, whose father began life as a textile mill worker in the South.
Edwards used what had been a modest American family success story in a completely dishonest way to portray vivid accounts of pitiful "lint-in-the-hair" workers who were part of the "other" America he had created for political purposes in order to get union backing for his campaigns.
Edwards had grown up in a town nurtured by entrepreneurs who, unfettered by government regulation and exorbitant taxation, had risked their capital to build and grow a textile firm which caused his community to prosper and provided the incomes for families who, like his own, sent their sons and daughters to great colleges and universities, built schools and churches and hospitals, and enjoyed a quality of life to be envied by most of the rest of the world.
Along comes Edwards, however, with his law degree, silver tongue and thirst for wealth and power and political ambition, and, instead of proclaiming the superiority of the American freedom of individual enterprise principles which had built his community and state and caused his home County to rise from poverty to a place of opportunity, he created his "two Americas" argument to fit into the "progressive" political ideology which, he thought, might put him in the White House. Instead of studying Adam Smith's "Enquiry in the Nature and Causes of the Wealth of Nations" and the ideas of America's Founders' he chose to publicize his center to study "poverty"--an apparent act to further his ambition.
His own hometown now constitutes a case study in what has happened across America as a result of government policies which have overburdened the entrepreneurial spirt with policies which have destroyed entire industries and companies which formerly provided jobs and incomes for their communities.
This story has been played out in one or another scenario over and over across America.
As the betrayers of the trust of America's Founders have sought to "progress" us into decline as a nation, loading us with regulations, taxes, deficit and debt, the politicians, themselves, have become wealthier and wealthier tyrants in the land which gave them birth.
By doing so, they may have forfeited the chance to pass on liberty to their posterity.