Those aspiring to reach their dream, the top 20% of wage earners watched their income increase a mere ten percent. Those Americans originally in the bottom 20 percent saw a 91 percent increase in income. This is missed in many statistics because such increases move people out of the lowest 20 percent. In short, there is no permanent underclass or overclass. People can still succeed, but President Obama is doing everything he can to punish those Americans who do!
He isn't punishing "old wealth”; he's punishing "new wealth." He doesn't bring down the wealthy; he keeps out those trying to become wealthy. Abraham Lincoln knew the value of preserving the American Dream: “I don’t believe in a law to prevent a man from getting rich; it would do more harm than good. So while we do not propose any war on capital, we do wish to allow the humblest man an equal chance to get rich with everybody else.”
Though often wrongly attributed to Abraham Lincoln, it was William John Henry Boetcker, an American religious leader and influential public speaker, who first penned "The Ten Cannots:" "You cannot bring about prosperity by discouraging thrift. You cannot strengthen the weak by weakening the strong. You cannot help little men by tearing down big men. You cannot lift the wage earner by pulling down the wage payer. You cannot help the poor by destroying the rich. You cannot establish sound security on borrowed money. You cannot further the brotherhood of man by inciting class hatred. You cannot keep out of trouble by spending more than you earn. You cannot build character and courage by destroying men's initiative and independence. And you cannot help men permanently by doing for them what they can and should do for themselves."
Lincoln and Boetcker understood what President Obama and his fellow class warriors just don’t understand. In a country that is built on personal achievement and free enterprise, there need be no war between capital and labor. When America is working its magic, capital and labor are the same people at different stages of their lives. Workers work to save, then to invest, and ultimately to become owners of capital themselves. They want opportunity not more government programs designed to keep them dependent.
Though we should never forget those who gave their lives that we might have the freedom to dream, may we do what we can to ensure that this and future generations can still profit from the dreams those soldiers died to preserve.