Of the ten richest counties in the USA, seven surround Washinton, D.C.
The richest, Louden County, has a median household income of $119,000 a year. That’s more than Silicon Valley. The Washintgon Post reports:
The stability of an economy built on the pillars of the federal government, its legions of contractors and a flourishing high-tech sector is evident in the income rankings.
In 2007, before the recession began, five counties in suburban Washington made it into the top 10. By 2010, there were six. The seven in the latest ranking is an all-time high.
The money from the rest of the nation flows into Washington, D.C. It doesn’t all flow back out. In the direct-mail industry, this is called S&H: “shipping and handling.” In the case of our tax money, it’s mostly handling. There isn’t much shipping. We’re living in a digital age.
Big government is not just big. It’s gigantic.
The federal government draws in college-educated people. They work for the government. They become federal bureaucrats. They get covered by Civil Service. Then they cannot be fired.
It’s a terrible thing to waste a mind.
Someday, Washington’s checks will bounce. Then these people will enter the private sector for the first time. This traditional slogan will then re-establish itself in the region: “An honest day’s pay for an honest day’s work.”