Duh, but the American Dream isn't about the mean statistics and correlation of factors. It's about the extraordinary, and the outliers. A person will on average be as wealthy as their parents, but as long as the opportunity is there to far exceed that prediction using good ideas and hard work, the American Dream remains intact.
Then it's the oldest lie told by the middle class to itself. The problem is that as most people see it, it is not about the outliers. People think that if they work hard, they will be successful. But working hard does not make you an outlier, and it will not make you rich by itself.
Big government policies tend to limit that opportunity, and strengthen the inertia of wealth (rich get richer, poor get poorer).
Yes.
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your 7 time champion, Link.