"But America and capitalism were made for each other. Just as the idea of a king was soundly rejected by the founding fathers, the idea of distributing wealth by privilege did not take root in America. American was a clean slate, and wealth had to be created. Even with lands taken from the Indians and tilled by slaves, an aristocracy was largely avoided, as industry and commerce wielded greater power.
While the social engineers decry the hardening and widening of discrepancies in income, this is true only if you look at the categories as static groups. As Thomas Sowell notes, when you look beyond the groups at individuals you find a fluid and mobile society. Few in the bottom tier stay there, and many in the upper tier drop out of that category."
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