The American Dream. I’ve heard that phrase a lot, mostly from politicians and movies about inspirational American heroes. But I found myself asking a question: What is the American Dream? I thought about it for a moment, and here is my answer that I came up with: The American dream is the ideal that every US citizen should have an equal opportunity to achieve success and prosperity through hard work, determination, and initiative.
Actually I didn’t think of that. It popped up on Google when I searched “what is the American dream”. But still, I believe this describes it perfectly. Let’s look at this a little closer, in my opinion the best aspect we can see the American dream in action is through small businesses.
According to the Economist, “America remains a beacon of entrepreneurialism. Between 1996 and 2004 it created an average of 550,000 small businesses every month. Many of those small businesses rapidly grow big.”
We still lead the world in small business growth, and it plays a major part in the American dream. It’s incredible how companies grow in our country.
For an example, Subway was started with $1,000, Hewlett Packard and Amazon were both started up in garages, Mattel was started with scraps of wood. These inspiring stories define the American dream, maybe even better than the definition I brought up earlier. This leads me into an important question: Is the American dream dying? My answer, which is pretty obvious by the title of this post, is yes. But who is killing it? The government.
Right now, you’re probably not convinced. I literally just brought up examples showing the opposite, examples showing the American Dream thriving, but this isn’t the case. Now, you would think that the Government would strive to help the people live in an entrepreneurial society, however this doesn’t happen. They do the opposite, and make it hard and stressful to own a business.
According to the Heritage Foundation, “Unnecessary and inefficient regulation at the federal, state, and local levels is now costing the American people somewhere between $810 billion and $1.7 trillion per year — even after taking account of the benefits of regulation”
We’re seeing a huge financial blow to entrepreneurs which is making it difficult grow, or even keep their businesses afloat. Since these regulations have gotten so severe, America has lost over 2 million private sector jobs. There are a ridiculous amount of regulations on small businesses. Whether they are expensive, unnecessary licenses, banning of certain ingredients, rules on how products must be made, or the most damaging law. The law requiring companies pay for health care for their employees who work more than 30 hours a week.
This law forces the employer to pay for health care for all full time employees, causing the employer to change the hours per week below 30 hours, or lay off employees. Both options are bad for the employees and employers. People need to get rid of this notion that forcing things upon small businesses are going to help, because we see it doesn’t help, at all. It hurts the business, it employees, and even its customers if prices hike up, or they go out of business.
So in the end, we need to look at the facts and what Government is doing to the American dream.
As Susana Martinez, Governor of New Mexico said, “Success is the American Dream. And that success is not something to be afraid of or to demonize.”
Let’s not let the Government demonize the American dream. Let’s keep this from becoming the American “nightmare”. Let’s fight back.