Aug

28

Washington Suburbs Lure Federal Work to Top New York's Wealth

Forget those swanky Connecticut addresses, lakeside Chicago suburbs and Silicon Valley millionaire enclaves. Loudoun and the next two wealthiest U.S. counties lie just outside Washington — the traditional home of government workers — and have median household incomes rising to almost $100,000, the latest Census Bureau figures show.

I have stated on the radio for years that if the taxpayers had any idea how disconnected government pay had become from the private sector pay, they would burn down Washington. It is not uncommon for two government workers to marry, each with a bachelors degree, and each attain a $100,000+ salary inside of five years and live in a million dollar home in the DC burbs. I live here and can tell you it is truly surreal.

During the housing crunch of the 1930s, in many suburban and rural areas, where most of the banks failed, government employees moved in and bought up the land cheap from the taxpayers who had gone under. I kid you not.

I also advise reading Thomas Woods Jr.'s new book 33 Questions About American History You're Not Supposed To Ask, which is the follow-on to his previous book, The Politically Incorrect Guide to American History.

Mark Meredith remarks:

Wealthy DC suburbs are not the land of government workers, but of corporate lobbyists and consultants. Nearly every government worker I've known in DC made much more money when he left for the private sector.


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5 Comments so far

  1. Joe Davis on August 28, 2007 9:35 pm

    Don’t we have to pay those gov’t workers handsomely (not to mention the pension bennies), so they don’t simply go to work at hedge funds in CT and make the real $?

    This is a chronic problem when decisions of any kind are made by people with no skin in the game.

    It’s YOUR money they are giving away, not theirs.

  2. dan howard on August 28, 2007 11:25 pm

    If I remember my reading of Roman history correctly, Domitian was the first bankrupt emperor - bankrupted by staging games in the Coliseum. He asked the populace to sacrifice for the emperor and gold coins poured in and filled a room. He then danced naked on the wealth of the nation - the gold coins. He, in fact, danced naked on the myth of the state, exactly as is occurring now in the US. There will probably always be government and it will always become more lethal than any back alley thug could dream of becoming. PS: I was a long-time listener on KBNP in Portland, Oregon.

  3. Winston Strickland on August 29, 2007 1:34 pm

    Roger passionately argues his points…yet I remain unpersuaded. The overriding ‘Big Picture’, to my mind, is, can our country’s expansionist desires dovetail with our purported principles of a democratic republic. History is unabashedly and empirically clear in this respect. Roger’s example of Martin Luther King comes off as unintentional parody. Yes, I agree, it makes for entertaining reading, and nobody enjoys a provocateur/contrarian as much as myself. I have no doubt that Roger is honestly reporting things as he sees them. Unfortunately, his underlying ideology prevents him from discussing and elaborating the truly overarching mother of all issue of our day — Deceptions/ lies which lead to unending conflicts abroad and emasculating us at home. Several hedgie acquaintances of mine wouldn’t dream of endangering themselves or their families by enlisting. They’re happy, thriving and truly don’t give a hoot about our present foreign entanglements. Party on! Martin Luther King and others cited in his book don’t hold a candle to these Master’s of the Universe. LOL, and filled with grief. W.S.

  4. Linda Armstrong on August 30, 2007 10:09 am

    I miss Roger’s radio show here in the Portland area where I hear the real estate market is up 4.5%! A bit perplexing as I personally know friends who cannot unload their homes which have been on the market over 7 months now. Two others that were realtor-one is working at Macy’s selling perfume, selling her house which she never could afford and NO ONE is looking, the other realtor is looking for employment, considering fast food. The stories go on and on…bring up the housing market and folks will tell about horror stories right here in Portland where the market is up-HA. This tells me that the numbers have yet to tell the real story.

  5. Michael Covel on September 1, 2007 8:17 am

    Millions of government workers bound into one area, all making roughly the same money, all working jobs that are essentially tenured, has created a community with no soul.

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