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Wednesday, October 19, 2011

Wealthiest City in the US is Washington, DC

Is this the change you voted for? 
Federal employees whose compensation averages more than $126,000 and the nation’s greatest concentration of lawyers helped Washington edge out San Jose as the wealthiest U.S. metropolitan area, government data show.

The U.S. capital has swapped top spots with Silicon Valley, according to recent Census Bureau figures, with the typical household in the Washington metro area earning $84,523 last year. The national median income for 2010 was $50,046.

The figures demonstrate how the nation’s political and financial classes are prospering as the economy struggles with unemployment above 9 percent and thousands of Americans protest in the streets against income disparity, said Kevin Zeese, director of Prosperity Agenda, a Baltimore-based advocacy group trying to narrow the divide between rich and poor.

When all the important decisions are made by the Federal Government, don't be surprised that government employees make the big bucks.

The chances for graft are ever better.

1 comment:

LibertyAtStake said...

Top cure = flattening and simplifying the tax code. K street would go dark practically overnight.

“Because the Only Good Progressive is a Failed Progressive”