The best days of the American economy in the past, and the best days for the United States are unlikely to be in the foreseeable future.

The idea of ​​the “American dream” in the twentieth century-where it can become the vast majority of people in the United States or aspire to become a middle class, wealthy, or even very wealthy-dead in the second quarter of the twenty-first.

according to Report from Moody’s Analytics in FebruaryThe richest 10 percent of Americans (annual income families of at least $ 250,000) paid half of all American consumer spending (about 10 trillion dollars) between September 2023 and September 2024.

the truth That 12.7 million families Collectively, it can excel over a large part of the rest of the nation is really to drop the jaw. It refers to the end of the economy, which is primarily dependent on spending based on the needs and appreciation of ordinary working Americans since the end of World War II.

The biggest surprise ever at the end of the American dream, however, is that for dozens of millions of Americans, this is not a surprise. Dismantling of the American dream and consumer capitalism that identified the nation from 1945 to Housing bubble statue in 2008 It started more than half a century.

The gradual austerity leaders imposed on social welfare and education programs along with multiple rounds of the wealthy tax cuts and companies have killed social mobility, especially for Americans living in poverty.

Moving from manufacturing to the service industry jobs, along with automation, regional shift, reducing their size, and the process of millions of other jobs, and millions of Americans who suffer from health care and higher education debts … all these changes and more turned the American middle class into a group of struggles and two rides. The worst thing is, this is exactly what the Americans wanted for decades.

According to the scale of most experts, the economic power of ordinary Americans reached its climax between 1970 and 1974. More than six out of 10 Americans It can demand the status of the middle class, black and Latin, and other colored Americans have begun to climb to the American middle class in larger numbers.

The story says that OPEC oil crisisThe United States, which supports Israel during the 1973 YOM KIOPUR war, was brought Download industry in the American Middle WestThe land to the bottom of the American economy from 1973-1974 onwards. A mixture of high unemployment and high inflation, known as the recession, has ended three decades of endless American economic domination. But this story makes it look as if a set of unfortunate conditions has ended Pax America. In fact, the largest and wealthy companies from Americans and the federal government began to transform resources away from ending poverty and preserving the American and middle classes during the 1970s.

The war on the programs of poverty/the great community programs that Lindon Ben Johnson paid in 1965 was the last straw of the flourishing modern archives. As a co -founder of the late new conservative movement Irving Christol books In his biographical notes about the “curse” of the war on poverty, “they knew that they would become political militants that the poor would not have come out of poverty.” Christol and his followers believe that the social motives of the ideal wealthy policy makers were that the “Great Society” could only come as a result of the class conflict, “but everything they accuse Johnson’s policy of being a rich communism of the Soviet Union.

The neo -conservatives saw Johnson’s vision to end poverty and turn more dollars in public taxes to really raise all Americans into a dangerous and dangerous prosperity. By the time of the revolution of President Ronald Reagan in the 1980s, both the remains of the Great Society and the War on Poverty Programs and even the Social Welfare System Franklin de Roosevelt, which was built through the new deal in the 1930s attacks and austerity.

Despite Reagan He claimed his memoirs in 1982 “This press dies to paint me as you are now trying to retract the new deal. I remind them that I voted in favor of FDR 4 times. I am trying to back away from the” Great Society “, and in the end it showed contempt for all social care and social mobility policies. For years, for years, for years, Reagan claimed “Fascism was really the basis for the new deal”, where the planners of the new deal policies operating under the leadership of Roosevelt spoke about how to make Mussolini trains operating on time.

At the annual CPAC dinner (Conservative Political Labor Conference) in 1985, Reagan announced that “since FDR and the new deal, the opposition party, especially those of liberal persuasion, dominated the political debate,” but in the end, “the other side is actually confused with ideas.” He added that “the new conservatives made the relationship between economic justice and economic growth” that it is necessary for them to “set a fair tax system and transfer the current system on its ear.”

Especially from 1981 onwards, through Compression groups companies And merge the different ideological views of each of republican and democracy The parties, the new minimum tax system of wealthy and companies Tamulut.

The richest of the nation once Up to 91 percent of their profits for each dollar, more than $ 200,000 in the 1950s, and the income tax rate of 70 percent in the seventies. The tax cuts in the Reagan era reduced the highest tax rates to between 50 percent and 28 percent during the eighties. Although there are some small increases at the highest income tax rates under President Bill Clinton in the 1990s, by that time, Investments did not continue in social welfare programs With inflation for nearly 20 years, however Reform of well -beingThey will not recover completely.

From Trump’s tax cuts during his first term in his post, Corporate taxes It is at the lowest level ever from 21 percent. These policies have led to a tremendous shift in the wealth of the middle class, the working class, the poor Americans and the poor, towards the wealthy and huge companies.

Carter C Price and Catherine Edwards He composed a Rand working paper in 2020Between 1975 and 2018, tax cuts and austerity in social welfare led to the transfer of wealth of approximately $ 50 trillion of 90 percent of Americans to the top 10 percent in wealth. Worse, this transition accelerated in 2010 with an average of 2.5 trillion dollars annually-all before Covid-19.

Meanwhile, things were dark for ordinary Americans in other regions of the economy. The minimum federal wages remained at $ 7.25 since 2009 (the minimum wage also decreased during the eight years of recession in the 1980s). Monopathies and reducing the cost of most Americans continued to live in living functions, such as Half of all working Americans get less than $ 50,000 a yearA quarter of the workers make less than $ 25,000.

“If you liquidate the statistics to include unemployed people who can find nothing but part -time work or those who make poverty (about $ 25,000), the percentage is actually 23.7 per cent. Functional The unemployed in America today – barely something to celebrate it, “Eugene Ludwig, former financial observer of the currency, Books in politico Earlier this year. a lot For the best economy in the United States decadesAt least that was the demand of former President Joe Biden.

The United States, then, returned to Depression economy before bone. With the exception of this in 2025, it is an economy in which consumer habits of the 10 percent richest impact compared to 300 million Americans below. One cannot really have consumer capital if most consumers cannot earn enough money to provide rent or buy a house, take leave, or even pay the price of food and basic health care. But this was the ultimate goal of the wealthy Americans to a large extent all the time, with the help of both political parties. Any American dream is not just a fantasy these days. All this because all the actions of the general prosperity of the middle class have been reinforced.

The opinions expressed in this article are the author of the author and do not necessarily reflect the position of the editorial island.