Washington D.C. has overtaken Silicon Valley in the household income category.
Think about that. The nation’s capital where the concentration of government sector jobs is the highest, -according to newest census statistics as reported on Bloomberg, has just overtaken San Jose, the heart of Silicon Valley, as having the highest average income in the country.
Factoids:
- D.C. Metro average household income = $84,523
- San Jose average household income = $83,944
- National median average income = $50,045
- Federal workers and govt. contractor income = $126,000
According to newser, Washington has been helped as federal money flows freely into Washington D.C. Small businesses and the private sector outside the nation’s capitol have been hurt, over-burdened and over-regulated as evidenced by the fact that D.C. also boasts more lawyers per capita than anywhere else (1 for every 12 residents!) and a dense concentration of lobbyists. And my guess is they’ll have to keep raising taxes to pay all those new federal workers, lawyers and lobbyists.
All I can say for 2012 is think conservative; smaller decentralized government, state’s rights, personal responsibility and individual freedom, free markets and, yes capitalism!
Just for fun take this Conservative or Liberal quiz.
That was a fun quiz. I’m a conservative (81%). I enjoyed reading the description following, too…I believe in personal responsibility, limited government and traditional American values… All pretty accurate.