I don’t think the American Dream is in anyway toxic.
The real problem arises from what those who have fulfilled their dreams choose to do afterwards…
It’s one thing that if from some point on the ‘winners’ start helping others to fulfill their dreams and quite another if they keep fulfilling (gorging on) they own dream long past the ‘waking hour’…

Most probably Michael Clark is right, things started to go South from the moment the American Dream had been corrupted from ‘I dream to make it out’ to ‘I’ll stop at nothing in my quest to the top and nothing else matters’.

And no, I’m no fan of Big government.
If the urge to help doesn’t come from within it doesn’t help any if an outside agent keeps pestering you. It doesn’t matter who is ‘number one’, private or government, it’s the very fact that we, as a species, still have the obsession to reach that position that’s dragging us down.

Clark, Michael, “Is the American Dream toxic?“: http://seekingalpha.com/instablog/428250-michael-clark/882441-is-the-american-dream-toxic
Dolmanian Sarchis, “Why keep wasting money on toothless constitutional monarchies?“: https://nicichiarasa.wordpress.com/2015/02/25/why-keep-wasting-money-on-toothless-constitutional-monarchies/