Once upon a time, all of us was in chains. Homie still doubled down callin’ us some slaves. Atlanta was the Mecca, buildin’ railroads and trains. Bear with me for a second, let me put y’all on game. The settlers was usin’ townfolk to make ’em richer. Fast-forward, 2024, you got the same agenda.” – Kendrick Lamar

The concept of the American dream dates back to 1931 in “The Epic of America” by historian James Truslow Adams. He described the idea, with roots in the country’s founding principles, particularly the emphasis on individual freedom and opportunity. The American dream included aspirations like:

  • Upward mobility. The ability to improve one’s social and economic standing through hard work and effort are at the base of these ideas.
  • Financial security. Markers like home ownership, comfortable lifestyle, and being able to support a family are part of the American dream.
  • Individual success. Unlike more communitarian cultures where individual needs and wants are subordinate to the needs of others (society, family, religion), individuals are free to pursue their own dreams and interests.

Critics of the American Dream have pointed out several flaws:

  • Promoting materialism. The focus is too heavily on wealth and possessions as the goal, not on relationships, ethical conduct, or personal fulfillment.
  • Systemic barriers. Structural inequities like racial injustice, gender or sex discrimination, and the disadvantages of inter-generational economic disparity prevent individuals from achieving the “dream” despite hard work. Kendrick Lamar’s lyric refers to this problem.
  • Overemphasis on individual responsibility. Social structures can either enhance or inhibit personal ability to achieve the American dream, but are not recognized or emphasized in determining one’s success.

If you think for a moment about what a successful life looks like for yourself or the majority of people you know, it probably bears some resemblance to these ideals. You work at a job, you become good at it, you provide something (a good or service) that others want to buy, and this makes it so you can buy the things you want for yourself and your family. This is how the economy works, more or less, for me and for the people I know.

Is that how it works for politicians, those who represent the needs of people like you and me? I remember when some conservatives were lauding Trump’s decision to forego the presidential salary if elected in 2016, and this triggered a thought for me–as someone with billions in wealth already, why would DJT care about the comparatively paltry salary (which is taxable) when he has far more to gain from other income streams that are not work-based? And clearly the same argument can be made for politicians on the left–Biden’s feckless son gaining financially from influence peddling to Burisma, or Nancy Pelosi trading stocks based on information gained as a Senator, something that has the whiff of insider trading. In the recent volatile market moves, Marjorie Taylor Greene has made a small fortune by trading following Trump’s social media posts that telegraphed what he intended to do; while those were public statements and can’t really be called insider trading, it’s also not how your average American tries to make money. The stock market takes money to make money, and it also takes an understanding of how the system works, something most hard-working Americans don’t have the education or time to deal with. They are more likely to waste money on sports betting or crypto than trying to play the stock market, which is why the former are being advertised non-stop in the last 5 years.

So how do politicians actually make money, if the salary is not it? Here’s a quick snapshot of where the real money is:

While private sector careers are abandoned when one begins a political career, investments from these careers remain a long-term income stream. These entanglements can influence legislative decisions and priorities. Additionally, while politicians are required to file annual financial disclosures, these are often lists of assets across broad ranges and there are many loopholes that make it extremely difficult to track conflicts of interest or hidden wealth accumulation.

And those are just your garden variety politicians, the normies. Let’s shift focus to politicians on steroids: Trump and Musk. Surprisingly, once again we see that “they not like us.” Here’s an overview of where Trump’s wealth has come from:

This doesn’t look a whole lot different than how politicians make money, even before he became a politician. Even when he is selling a product, it’s really a branding venture using the Trump name. He hasn’t invented a new mop or designed a new type of refrigerator. He inherited the Trump name, and he sells it to his fans to gain power and money. To illustrate my point about how the presidency can be used to make money without taking a salary, here’s a quick overview:

Let’s take a look at Musk’s sources of wealth which are quite different from Trump’s:

This is a little bit different in that he’s not trading on his name, LOL, because that seems like a fast way to lose money. But his wealth is tied up in investments. He gains from the stock market when his associated ventures do well, which is one reason he benefits from government contracts for Starlink, SpaceX or Tesla, exclusive rights to provide services, beneficial rulings in court cases, lower regulations for his industries or hiring practices, etc. Politics is where he can maximize his wealth. X can be used as a propaganda machine to ensure the politics favorable to his interests are in power.

How much money is enough? Are wealthy people more trustworthy?

Growing up in the Church, I once asked why none of the people called as bishops were working class. Jesus was from a working class family and so was Joseph Smith, and that seemed to make them humble and focused on the things of God. Why was that not desirable in Church or ward leaders? I was told that there was a temptation for someone who was poor, and that the Church had to entrust its funds to their care. Someone financial secure wouldn’t need to steal, would have the skills to manage church funds, and it would make the wealthy congregants more comfortable than if someone who made a lot less money could see what they made. The underlying message I heard was that the working class were seen as less trustworthy when it came to money. How little money is too little for someone to be trustworthy?

Now as an adult, I’ve actually become aware of a few instances of embezzlement or financial shenanigans done by Church leaders, and they were never doing it because they were poor. They were often wealthy, greedy, and entitled because of the lifestyle they expected to enjoy. You could be rich and humble or poor and foolish; you could be rich and greedy or poor and humble. These two things didn’t seem to go hand in hand; the assumption was unjust and unfounded. Perhaps the real reason was that those who had more didn’t want others to know what they had. Perhaps it was just prosperity gospel (if you were good, you’d have more money, er, “blessings from God.”)

Some have said we shouldn’t have any billionaires, but just as I have observed in the Church, not all billionaires are equal. Wealth alone is not the deciding factor. For comparison sake, here’s how 3 billionaires’ financial practices compare:

Looking at the philanthropy line is one indication of how individuals feel about their wealth (mine, my legacy, or ours). Also, when you see the sources of wealth, you can trace that right back to the actions people take politically. When is it swampy? Are we “draining the swamp” directly into people’s bank accounts? Isn’t that what “draining the swamp” was supposed to eliminate?

  • Have you seen issues in church leadership with those who are wealthy being in charge or with those who are not financially stable being disregarded?
  • Were you taught that wealth was a sign of trustworthiness? Do you believe it now?
  • How do we govern well for those trying to follow the American Dream when that’s not where the real wealth is, and it’s not how politicians make their money?
  • Is the American Dream a myth, an opiate for the masses, or is it something to aspire to achieve?

Discuss.