The Looters Take Over First Place

Yes, indeed, life IS good in the capital of corporate cronyism. From Cato and Bloomberg News:

"Beltway Earnings Make U.S. Capital Richer Than Silicon Valley." According to the latest Census figures, Washington, D.C. is now the wealthiest metropolitan area in the United States."

The looters now make more than the producers. Washington produces nothing except restrictions. The modern day Robin Hood takes from everyone (taxes, contributions, etc.) and gives to themselves.

From the article:
"Unequal wealth can be a just result of free and fair exchange, where talented Americans reap rewards from providing goods and services their fellow citizens greatly value — as in the case of Steve Jobs—in which case, there's no injustice to remedy.

Or it can be the result of "predation by political elites," in which case, it's the predation that should be tackled directly, Wilkinson argues, so "the fire is the problem, not the alarm."

That the hometown of the political class has passed the home of the creative class in wealth and influence is genuine cause for alarm. Washington, D.C. is the capital of Crony Capitalism — and it's only growing richer. That inequality is worth worrying about."

Looters and moochers, and Democrats are only a little bit worse than the Republicans...

 

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