Isn’t it odd that the only region in its fifth straight year of a booming economy is home to our political elite?
American incomes have tumbled over the last decade. But for many people in Washington, D.C., it’s been something of a party.
The income of the typical D.C. household rose 23.3% between 2000 and 2012 to an inflation-adjusted $66,583, according to the Census Bureau’s American Community Survey, its most comprehensive snapshot of America’s demographic, social and economic trends. During this period, median household incomes for the nation as a whole dropped 6.6% — from $55,030 to $51,371…
The Washington, D.C. metro area — which includes the surrounding suburbs in Maryland, Virginia and West Virginia — has it even better, with a median household income of $88,233 that ranks highest among the U.S.’s 25 most populous metro areas.
Washington doesn’t invent smartphones or build cars or record music — instead they invent rules and build bureaucracies and record regulations. The federal government’s key industry is siphoning money from 50 far-flung states and reallocating it to preferred interest groups (after taking an ample service charge, of course).
Are states the new colonies with Washington, D.C. as the unresponsive imperial capital?