Living the American Dream
Phil Gramm and John Early
The Wall Street Journal
Those who say rising income inequality is proof that the American Dream is dead fail to grasp that equality of outcomes is “alien to the American ethos”, say Phil Gramm and John Early. In the words of Abraham Lincoln, America is committed to “an open field with a fair chance for your industry, enterprise and intelligence”. The aim is “individual upward mobility”, not uniformity. Three independent studies covering the past 50 years
