Wednesday, October 19, 2011

Washington DC: The Moscow of America

Moscow is much richer than the rest of Russia because it's stranglehold on power allows it to appropriate wealth produced elsewhere.  Washington DC is much richer than the rest of America for the same reason.  Sadly, replacing Barack Obama and Harry Reid with more effective managers like Mitt Romney and Mitch McConnell will just make the Federal machine more efficient in collecting economic rents from the rest of us.  It's all so progressive.

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.
Imagine that, average fed comp is more than double the average prole's - and that's without adjusting for job security (not to mention productivity, which for most Fed workers is effectively negative).  All animals are equal, but some animals are more equal than others.

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