Silicon Valley loses to DC as richest area

by CalWatchdog Staff | January 28, 2013 11:09 am

[1]Jan. 28, 2013

By John Seiler

Until recently, Silicon Valley enjoyed the highest median income in the United States. That makes sense. The world’s most vibrant industry is run by 180-IQ nerds who pull down millions and billions.

Not anymore. Now the highest-income area is Washington, D.C.[2]:

“Wealth in Washington, DC has surged to the highest median income in the United States, surpassing even tech mecca Silicon Valley, California.

“With a median household income of $119,134, the Census Bureau reports that Loudoun County, Virginia now occupies the number one[3] spot for the highest median U.S. income. The number two position belongs to Fairfax County, Virginia at $105,797. Arlington, Virginia comes in third at $100,735.”

In fact, seven of the 10[4] counties with the highest household incomes are in the Washington region.

The “wealth surge” for D.C. occurred even as the rest of the country, including Silicon Valley, suffered the worst recession since the Great Depression.

During good times, D.C. grabs an increasing share of the bounty, and grows and grows. During bad times, D.C. “saves” the economy by “helping” us, as it grows and grows and grows.

But D.C. is just a parasite. All those politicians, lobbyists and bureaucrats don’t produce anything. They drink our blood, draining us of our life’s substance while they get fat and party like a gang of ghouls.

[5]I grew up near Detroit, which used to be the richest area in the country, even the world. It was an industrial powerhouse, “the arsenal of Democracy.” It was an area where even the middle-class was well off; anyone could get a decent job. Now the median income in Detroit is just $26,090[6] and the city is an example of urban destruction. Why? Because most of its wealth has been siphoned off to D.C.

Top 10 Counties

Here’s the top 10 list[7] of counties by median income:

1		Loudoun	VA	$119,134
2		Fairfax	VA	$105,797
3		Arlington	VA	$100,735
4		Hunterdon	NJ	$99,099
5		Howard	MD	$98,953
6		Somerset	NJ	$96,360
7		Prince William	VA	$95,146
8		Fauquier	VA	$93,762
9		Douglas	CO	$93,573
10		Montgomery	MD	$92,909

The only three not from the D.C. area are Hunterdon and Somerset, N.J, where rich folks live; and Douglas, CO, a “horse country” area southeast of Denver.

All seven other counties in the top 10, including the top three, are living high off the hog on your money after they rob it from you.

Bob Hope once joked, “I like to got to Washington so I can be near my money.”

President Obama last year won re-election on a solemn promise to force the rich “to pay their fair share.” Republicans agreed with him with their Fiscal Cliff deal on Jan. 1. But it turned out that “the rich” meant 77 percent of Americans[8]!

Basically, what happened is that, once again, middle-class Americans were tricked into voting for politicians who forced us to give another blood donation, the money not going to “the poor,” but to the D.C. vampires.

 

 

Source URL: https://calwatchdog.com/2013/01/28/silicon-valley-loses-to-dc-as-richest-area/

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