Income Inequality: The American Dream

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Income inequality
The American dream is a concept that the idea by which equality of opportunity is available to all Americans by allowing the highest aspirations and goals to be achieved. The American Dream is a national ethos of the United States, the ideas of Democracy, Rights, Liberty, Opportunity, and Equality in which freedom includes the opportunity for success, and an upward goal for the family and children to attain. The American dream is thought to be achieved through hard work in a society with few obstacles. The true definition of the American Dream by James Truslow Adams in 1931, "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.
But for some people the American dream can vary due to circumstances, it may be a comfortable house with a white picket fence, a couple kids, a pet dog, and a barbecue with friends in the back yard on a warm summer evening. For others, fulfilment of the dream could mean creating a successful business and making a million dollars.
This mentality of the American dream concept comes with it pros and cons, a positives of this mentality is to raise a sense of aspiration and positivity to …show more content…
Income inequality is currently a pressing problem within the world today especially in the United States. A survey was taken in America in 2012 with results saying that 92 percent of Americans agree that the ideal distribution of the nation’s wealth is that 35% all money should be held within the top 20 percent of the population meaning that the top 20% of the wealthiest people in the country should ideally have control of just over a third of the nation’s money. They also say that the middle 40 percent of the nation’s population should ideally own 40% of the nation’s money and the bottom 40% should own a miniscule 25% of all money in
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