The quote reflects a common belief among impoverished Americans that they could achieve wealth and success, which leads them to hesitate in supporting measures that would limit the power of the wealthy elite, often referred to as "robber barons." This mindset encourages the notion that anyone has the potential to rise to riches, thus making them reluctant to impose restrictions on those at the top, fearing they might one day share in that wealth themselves.
This perspective underscores a complex dynamic in American society where aspiration and hope for upward mobility counteract the desire for economic equality. The fear of losing the opportunity to join the ranks of the wealthy can prevent significant reforms that might help bridge the gap between rich and poor, highlighting a tension between individual aspirations and collective welfare.