I’ve written before about how big government is enriching people in the Washington metropolitan area. This is for two reasons.
First, bureaucrats are paid too much, getting twice as much compensation, on average, as people in the productive sector of the economy.
Second, lobbyists, contractors, and interest groups have figured out how to get lucrative positions at the federal trough.
A new report from MSN Money illustrates how the political elite is getting very rich by plundering honest Americans. America has 3,033 counties, and they identified the 15 richest jurisdictions from that list.
Of those 15 super-elite counties (the top 1/2 of one percent), 10 are in the Washington metropolitan area. I’ve identified them with stars in the map.
You may be wondering, by the way, about the location of the other counties in the top 15. Well, four of them are suburbs of New York City, meaning that they are home to rich Wall Street people who mooched from the taxpayers thanks to TARP bailouts and other subsidies.
Read more: http://danieljmitchell.wordpress.com/2012/02/22/based-on-where-the-top-1-percent-lives-the-occupy-crowd-should-be-protesting-against-big-government/
First, bureaucrats are paid too much, getting twice as much compensation, on average, as people in the productive sector of the economy.
Second, lobbyists, contractors, and interest groups have figured out how to get lucrative positions at the federal trough.
A new report from MSN Money illustrates how the political elite is getting very rich by plundering honest Americans. America has 3,033 counties, and they identified the 15 richest jurisdictions from that list.
Of those 15 super-elite counties (the top 1/2 of one percent), 10 are in the Washington metropolitan area. I’ve identified them with stars in the map.
You may be wondering, by the way, about the location of the other counties in the top 15. Well, four of them are suburbs of New York City, meaning that they are home to rich Wall Street people who mooched from the taxpayers thanks to TARP bailouts and other subsidies.
Read more: http://danieljmitchell.wordpress.com/2012/02/22/based-on-where-the-top-1-percent-lives-the-occupy-crowd-should-be-protesting-against-big-government/
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