Requiem for the American Dream

Requiem for the American Dream: The 10 Principles of Concentration of Wealth and Power, Noam Chomsky, Seven Stories Press, 2017

The "American Dream" is a central pillar of life in the United States. Work hard, and you can be rich and happy. This book gives a very different view.

Over the past several decades, tax policy has been designed to benefit those at the top of the income triangle. Maybe a few percent of the benefit of a tax cut will actually reach those at the middle-income level, but the vast majority of the benefit will go to the top One-Tenth of One Percent. The public reason for tax cuts is that they supposedly increase investment and create jobs. A much better way to do that is to allocate that money to working-class people, who will use that money on clothes and groceries, not on a second (or third) home.

Social Security is based on the principle of solidarity, which means caring for others. That automatically makes it a bad thing (in the eyes of the super-rich). A way to destroy it is to de-fund it. The system won't work, so people will get angry, and demand something else.

For those who want a third party in America, voting for it every four years is not enough. You must be constantly be working at the local level, developing the system that goes from the city council to Congress. That is how the Tea Party got started.

This is an excellent and eye-opening book. Based on a movie of the same name, this gives a very easy to understand look at how America Really Works. Whether you see the movie, or read this book, this is very highly recommended.