Posted on 01/13/2009 5:54:06 PM PST by Publius804
Washington's Wealth Boom
Take a look at this map. The areas shaded in red are the 100 wealthiest counties in America according to per capita income. At first glance, it's a little misleading, because in the American West, counties tend to be larger in geographic area. But look closely, and you'll see that after the New York City metropolitan area, the largest cluster of wealth in the U.S. is huddled around Washington, D.C.
If we look at household income, the picture grows starker. After the 2000 Census, the richest county in America was Douglas County, Colorado. By 2007, Douglas County had fallen to sixth. The new top three are now Loudon County, Virginia; Fairfax County, Virginia; and Howard County, Maryland. All three are suburbs or exurbs of Washington, D.C. In 2000, 14 of the 100 richest counties were in the Washington, D.C., area. In 2007, it was nine of the richest 20.
All of this is fine if you happen to live in the D.C. area. It's not so great for the country as a whole.
While the D.C. metro area hasn't completely escaped the recession, it's doing much better than most everywhere else. Real estate advisers Grub & Ellis Company recently ranked the D.C. metro area the top market in the country for commercial real estate investment. Investment advisers are high on D.C. area real estate even in down times, because they know the federal government's only going to get bigger. That means more federal employees, more grantees and contractors, and more wealthy lawyers and lobbyists setting up shop inside the Beltway — both to get a piece of the federal budget (or, more recently, the $7 trillion-and-growing pot of federal bailout honey)...
(Excerpt) Read more at foxnews.com ...
Work harder tax drone (serf), your Masters need more cash to give to welfare slugs.
Im going to up my taxes on my own so they can have a vacation.
I wish I could say I am surprised.
I am glad the FNN is getting this out there though...
Like Rome, it will burn.
This trend is going to get worse.
All one has to do is to drive down to DC and take a look. One quickly realizes where your tax money goes. Take a vacation and drive around that part of the country and then consider when you pay your takes. Be very careful at night in the actual DC boundaries.
This needs to be the basis of the ‘new’ GOP. Waste, DC out of control.
Too bad they profit from this as much as Democrats...
Lobbyists on K street frequently form partnerships with people from BOTH parties...
You have no idea how corrupt this city is..people go from serving in government either elected or civil service to lobbying or to law firms. The live VERY well as a previous post stated and are thoroughly disconnected.
Let’s hope maybe some new blood in the GOP will expose this but I doubt it, since those trillions are passed around to everyone.
I have 6 acres in a subdivision, 6 bd, 4 ba house (13 years old), brick, stocked lake. $1200/year in property taxes. Excellent schools. County votes 90% GOP. What a place to live!
I lived there for 4 years in the mid 60s, it was a s*** hole then.
RE “The people who create NOTHING make the most - sickening - simply sickening. “
And here in Howard county (HC) Maryland as cited the well off educated gov contractors or employees worship government and vote democrat (the AMT punishes marriage here.) To them the small business owner is an idiot who would just waste his money if he got to keep it. To HC we are bright like Kerry and Obama, our taxes are outragous and only go up.
Massive Korean invasion here in HC too.
well tradition has been when one administration leaves office...the people they brought STAY!!! lol
they get jobs as lobbyists, with think tanks etc.
“This needs to be the basis of the ‘new’ GOP. Waste, DC out of control.”
That was McCain’s position, basically. He didn’t really know what he was talking about, since he doesn’t really know anything about economics. But he sure was against waste.
So is Obama, according to the MSM. Never mind that he’s going to spend another trillion dollars; he’s doing it without earmarks!
I saw that...you pointed that out to me a bit ago.
We are #4.
I love this county. Hate the snow, love the county.
Did you know that Chardon is the only city in the entire county? Trivia fact.
Almost the entire New York City metro area is shaded in red -- mainly because the cost of living is so high that income and standard of living don't necessarily correlate directly.
public servants, they work for you... there here to help YOU
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