According to the latest Census figures, Washington, D.C. is now the wealthiest metropolitan area in the United States.
That's good news for local property values, but I can't say it fills me with hometown pride. After all, Silicon Valley's wealth was earned -- just rewards voluntarily given for producing innovations that have dramatically improved our lives.
In contrast, D.C.'s prosperity reflects a parasite economy that battens on wealth created by others. We live in a vast, metastasizing tick of a city, swollen on the lifeblood it drains from the body politic.
Tuesday, October 25, 2011
Rakin' it in
One of the most damning pieces of evidence of Washington's corruption is the wealth of its population.