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<p>Despite being unable to claim a detailed knowledge of other countries, being a patriotic American I’ll be happy to agree with that assessment, and with pride - because I think it’s a good thing to be able to say that. But it’s kind of beside the point. My concern is that it’s harder to move up in America today than it was 30 years ago - which is to say, we’re becoming more and more like those other countries every year - that’s the problem. </p>
<p>I also disagree with your conclusion that declining numbers of people changing their economic status does not show the changing difficulty of moving up. People will always want to improve their economic lot. If the difficulty of doing so doesn’t change, the numbers won’t change, either. (Remember, I’m not a believer in the “people as a whole are worse today than they were then” theory.)</p>
<p>Of course, it’s not a one-way street. Economic mobility necessarily includes people moving down as well as up. And that’s where I think the increased gap between the rich, middle class, and poor has aggravated whatever other factors are affecting this equation. A person has to fall farther to drop out of the upper quintiles, just as a person has to climb higher to climb into the higher ones. At the very top, we’ve seen highly compensated business executives commonly receiving huge severance compensation, even when they’ve done nothing special during the tenure with a company. Lowered capital gains, estate and dividend taxes tend to ensure that the rich stay rich. The middle class typically has at least home equity to cushion a temporary downturn in economic fortunes such as illness, layoff, etc., and the gap in wealth between homeowners and renters gets larger every year. Meanwhile, the “safety net” for the the poor has dwindled and they have virtually nothing to fall back on in the event of an economic bump in the road. </p>
<p>Again, it’s not a question of whether or not an individual can succeed financially in America regardless of their origins. There will always be superstars among us. My concern is the raising of the threshold that must be met for a person to do that. If the challenge is low enough so that regular, hard working, good choice making people can move up some without doing anything spectacular, while lazy, bad choice making people will move down some, I think that’s a good thing. The statistics which show that fewer people are moving in either direction now than were 30 years ago are, to me, grounds for concern.</p>