The “American Dream” and “Working Class Promise” ideologies are ubiquitously dispersed in American society. These ideologies posit values of equality and opportunity. In this paper, I deconstruct these two ideologies in order to examine the effects these ideologies have on income inequality, social inequality, and social immobility. I argue these ideologies create a paradox in society whereby the more theseideologies are believed, the more the ideologies exacerbate income inequality, social inequality, and social immobility.