In 1931, James Truslow Adams said “life should be better and richer and fuller for everyone, with opportunity for each according to ability or achievement” regardless of social class or circumstances of birth. The American dream is dwindling and looks as though only a dream for most, something out of reach. With the leisurely desertion of the middle man the American dream is becoming one unfeasible to attain. The American Dream is a national ethos of the United States in which freedom includes assurance of the possibility of prosperity and success.
Middle class or white collar persons commonly have a comfortable standard of living, significant economic security, substantial work sovereignty and rely on their expertise to sustain themselves . The United States is the richest, most prevailing Nation in the world. Since 2000, 76 new members have been added to the billionaire club. “It took a minimum of 900 million to get onto the Forbes 400 list” or the wealthiest 400 Americans in 2005. (Skylar) With The United state’s achievements and power it’s not in the least bit astounding other countries are trying to “Americanize” their economies.
The heart of America lies in its middle class. The middle class is right between the working and upper classes. Most own a house, have a family and lead normal lives. Those in this class are moreover living, or are working up to living the American dream. Conversely with new technologies, and the richer becoming richer, the middle class is becoming poor, while the poor are becoming poorer. “Middle class households are a medical crisis or outsourced job away from bankruptcy. ” says Skylar.
With the populace in middle class diminishing so does the heart of America. 37 million fellow Americans are below the poverty line. Those Americans and millions more can’t afford health care, housing, child care, food, transportation and other basic expenses. More tax cuts are being given to those who are on the Forbes 400 or who can afford the $17,000 watch or the $160,000 coat, while more budget cuts are being issued for Medicaid, food stamps, and other safety nets for Americans whose wages don’t even cover the cost of necessities. Infant death rates are higher for (Black) children in Washington D. C. , than for Kerala, India” The editors of the Economist have got it right in saying America has lost its way. “A meritocracy works only if it is seen to be fair. ” The tax cuts and budget cuts issued out are most certainly not fair. Europe and other countries have always thought American do not take care of their poor appropriately. The American model has become defective with today’s economy.