Posted on 10/19/2011 5:02:24 PM PDT by Nachum
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.
“There’s a gap that’s isolating Washington from the reality of the rest of the country,” Zeese said. “They just get more and more out of touch.”
(Excerpt) Read more at biggovernment.com ...
Eat the wealthy govt workers.
As was just posted, there are winners and losers. When government, unions and lawyers win, the rest of us and America loses.
Hope that gets turned around soon.
DC: The .2%
So, why don’t they buy up all the ghettoRAT property and turn it into valuable condos?
There is no doubt the people should be in the streets.
Yeah. We live near the DC area. Restaurants are ALWAYS full, movie theaters, always packed. Malls — you can’t get near one on a weekend ... we’ve always commented that there just seems to be NO recession or hard times here.
However, our house value did fall some $50K within these last few years.
It’s like Moscow here.
TONS of illegals, though. They’re swarming the place.
Imagine if all the “under the table” transactions were figured into this.
Where is the “Occupy the Government” movement?? How about a 20% tax on government employment?
The DC area wasn’t affected by the Great Depression, either.
Don’t have a hissie fit. Yes, life here in Washington is insulated from the rest of the country. Yes, we have a lot of federal government workers. But that’s the case with just about every national capital anywhere in the world.
Kind of explains where that giant sucking sound is coming from! Ross was right about job being sucked away, but it was DC not Mexico where the suck was coming from.
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