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it's not baffling at all. the American dream is literally everyone is a millionaire or will be one day. conservatives are the only ones buying into that dream still so they're trying to live like a millionaire now so that when the money finally shows up they've done their part to help their new millionaire friends along the way.
The problem is they don't understand that the likelihood of them becoming even moderately wealthy is pretty slim and they're too blind to see that voting to hurt the poor is voting to hurt themselves in their current situation.
When I was growing up, at least the way I was taught (and I was only born in 1977), the American Dream was a steady paycheck, a house and a car. Did that change at some point or was I taught something other than what people actually believed?
As someone also born in '77 I generally heard the same things and the same sentiment. Though I think that might have more to do with family and the general class you grew up in. Because it isn't Universal unfortunately. Nor can capitalism deliver on it.
I've never heard of that version of The American Dream before.