This interpretation of “living the dream,” has begun to fade away, making “The American Dream” unattainable for many. The American Dream is fading, as higher education has left many students lost and in debt, income inequality is expanding, and economic fairness is dwindling. In today’s America, the struggle with income inequality has grown into more of an issue. Due to the struggle with income inequality, the gap between the rich and the poor is significantly expanding, causing the dream to travel further out of reach for many. In his article, “Keeping the Dream Alive,” Meacham mentions this issue in today’s economy.
Herbert states that “The unemployment rate is increasing and the U.S job market salary isn’t enough to provide for the average American family”. This argument of Herbert reveals directly on rise of Income Inequality’s analyzed by Robert. Herbert explains how Americans were not getting enough employed with good paystubs that lead to income inequality. In “Hiding from reality”, Herbert explains his view on how the American dream is slowly becoming less and less reachable and what we need to focus on in order for the restoration of the American Dream. Herbert states, “whenever you choose to look-at the economy and jobs, public schools, the budget deficits, the non-stop warfare overseas you’ll see a country in sad shape”.
Evan Cole March 6, 2012 English 101 Mr. Raines American Opportunities Dinesh D’Souza’s essay “Becoming American” notes three reasons why the American life style is sought after, better standard of living, social freedoms, and an egalitarian society. I agree, America is a land where people create their own destinies, a land where people make their own choices and have near limitless possibilities. D’Souza’s gives his views on how the Americans society is seen by other countries. D’Souza states that most American critics have an easy explanation for why the American idea of living is so captivating. It is simply the ability to make money.
By the 1780’s the government was nearly bankrupt, and half of government income was going on paying debts. One of the reasons to explain why there was a money deficit was taxes. The huge anomalies in the taxation system, whereby the richest were not taxed, caused there to not be enough income for the government to do its job properly. The taxes did increase under the rule of Louis XVI; however this only affected the poor even worse. Calonne, the finance minister between 1783 and 1787, introduced a series of reforms to improve the economy, in which the king stood by, but the notables
At the same time, public colleges complain that they are being squeezed by declining state support and increasing pressure to educate larger number of less prepared students. College costs too much due to the Faculty lack of power. I believe the cost of colleges is too high and my reason for that is because, the institution’s labor cost per student is basically the sum of wages and benefits divided up by the number of students. The cost per student goes up as wages and as benefit go up, or as the ratio of staff to students rises. When that ratio goes down, productivity increases, and the cost can go down, even if wages and benefits go up.
Discretionary income is one of the biggest differences between the rich and the poor. Since the economy began to downfall, it has been harder on the lower class than usual. According to Moody Analytics, “the wealthiest 5% of households in the United States now account for approximately 37% of all consumer spending.” The average person simply does not have a lot of money to spend on items that are not necessities.
Media reports of a growing economy and low unemployment mask a number of important reasons why homelessness persists, and, in some areas of the country, is worsening. These reasons include stagnant or falling incomes and less secure jobs which offer fewer benefits. Declining wages, in turn, have put housing out
You have the extreme rise of household debt due to the idea of Keeping up with the Joneses which caused many Americans to believe that if they did not have as good of a television or vehicle or some other piece of technology than that of their neighbor then they were failing to provide as good of a lifestyle for their family. So due to this idea, Americans quickly began to consume way above their means causing a rapid rise in the average amount of debt for the typical household. Teens began to be seen as more dissenting with the popularization of Rock n Roll and changing styles and overall people, especially minorities, became resentful of the current social standards towards women and blacks and other minorities. This tension at home lead to civil rights movements and women’s rights movements. Along with these domestic issues America also had to deal with looming threat of not just communism from states like the Soviet Union and China but the threat of nuclear warfare.
Secondly, there is the low Medicare as well as low Medicare reimbursement rates, the low Medicare and reimbursement rates have in one way or another contributed to hiking level of health care in the United States. Because of the above-mentioned reason, physicians are forced to make up their income they deem to have lost by charging exorbitant prices in performing more services on them. Currently the Medicare reimbursement allowable rates have been lagging far much behind the inflation rate. As a result the citizen of the United State are left to wallow in poverty and struggle in footing for the bills since the reimbursement does not in any way have any impact since the forces of inflation as pulled
Without recirculating the wealth and or capital into the society in which it came from will ultimately destroy its creator. Redistribution of wealth is key to gaining more wealth. Because those that live at poverty levels cannot afford luxury items of any sort, this in effect drives the cost of even the minimal of luxury items upward due to high supply and low demand. As these prices increase, those living just above poverty level also can no longer afford the luxuries they once could, thus driving the percentage of poverty level people up as well, and they then become capital hoarders as well only recirculating their capital for the basic necessities of life. It becomes a vicious cycle of survival of the un-fittest and without recirculation of funds the richest begin to become poor.