
From THE GUARDIAN
Thanks to Herb Ruhs
[This Guardian article is as cogent an assessment of economic paradox in the US as I have found. The paradox of middle-class aspiration:Is it the enduring myth of the American dream that persuades so many to support tax cuts they will never earn enough to enjoy? -HR]
Is it the enduring myth of the American dream that persuades so many to support tax cuts they will never earn enough to enjoy?
The generally accepted explanation of why many Americans, even those that are poor, are opposed to raising taxes for the rich is the enduring belief in upward social mobility or that they may one day be rich themselves. We still believe America is the land of opportunity. You can be born in the ghetto and rise to super stardom. A welfare recipient from a broken home may become president. But the truth is, for the vast majority of people, these dreams are out of reach and, in fact, the US actually has the lowest social mobility of any industrialised nation.
Is it the enduring myth of the American dream that persuades so many to support tax cuts they will never earn enough to enjoy?
One thing we can thank the Great Recession for is that it has finally drawn attention to the growing inequality in American society. Any study or report you care to look at leads to the same sorry conclusion: the rich are getting richer, the poor are getting poorer, and the middle class are disappearing. These trends have accelerated since 2000, but they have been in place for decades; yet, a large percentage of people who are suffering as a result of the inequality seem to favour, or at least tolerate, the policies that perpetuate it.

























































