This article is based on so many flawed premises that I'm not sure where to start.<p>First off, since when the "American Dream", earning "more than your parents"? The American Dream, as far as I know, what always "start with nothing and have a comfortable middle class existence".<p>And it's funny that the article complains about moving away from the New Deal politics. Europe, which didn't move away from New Deal politics, saw <i>worse economic growth</i> than the US did over the past few decades and if anything, Europe as well move away from the more extreme elements of socialism because it was choking their economy.<p>It's also full of "facts" that imply something that isn't true. <i>"The top marginal income-tax rate was 70 percent when Reagan took office and 28 percent when he left."</i>. This is an old trope that completely ignores the different tax structure back when rates were 70% (i.e. nobody actually paid them).<p>It then lambasts "Reagonomics" as "taking hard earned white money and giving it to black welfare queens" (yikes), yet ignores the fact that growth in minority incomes has been higher than whites over the past few decades and in fact, whites aren't even the highest income ethnic group any more.<p>This feels more like an emotional analysis than anything fact based. Of course you'll never find out the real reason for this economic changes if you don't look at the facts.