How the American dream turned into greed and inequality
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How the American dream turned into greed and inequality
Policymakers have largely ignored the growing gap between the rich and poor. Capitalism has failed at redistributing wealth. The American system could soon reach a breaking point. The American Dream is broken. Paul Ryan, speaker of the House of Representatives, recently stated that "in our country, the condition of your birth does not determine the outcome of your life." Yet the idea that every American has an equal opportunity to move up in life is false. Social mobility has declined over the past decades, median wages have stagnated and today's young generation is the first in modern history expected to be poorer than their parents. The lottery of life - the postcode where you were born - can
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