James Truslow Adams, in his book The Epic of America, which was written in 1931, stated that the American dream is "that dream of a land in which life should be better and richer and fuller for everyone, with opportunity for each according to ability or achievement. It is a difficult dream for the European upper classes to interpret adequately, and too many of us ourselves have grown weary and mistrustful of it. It is not a dream of motor cars and high wages merely, but a dream of social order in which each man and each woman shall be able to attain to the fullest stature of which they are innately capable, and be recognized by others for what they are, regardless of the fortuitous circumstances of birth or position." (-215)
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According to the CBO,  the major reason for observed rise in unequal distribution of after-tax income was an increase in market income, that is household income before taxes and transfers. Market income for a household is a combination of labor income (such as cash wages, employer-paid benefits, and employer-paid payroll taxes), business income (such as income from businesses and farms operated solely by their owners), capital gains (profits realized from the sale of assets and stock options), capital income (such as interest from deposits, dividends, and rental income), and other income. Of them, capital gains accounted for 80% of the increase in market income for the households in top 20%, in the 2000–2007 period. Even over the 1991–2000 period, according to the CBO, capital gains accounted for 45% of the market income for the top 20% households.