So where does money go?

MoneyDeposalThe Weekly Standard answers a common American question with the bold headline, “A River of American Money Flows to D.C.  Yes, laddies and gentlemen, our money ends at the capital.

The Weekly Standard writes: The question at the core of most of today’s debates in American politics is whether all people have an unalienable right to keep the fruits of their own labor—as the Founders believed and the Declaration of Independence (properly understood) asserts—or whether the government should funnel vast sums of money to the nation’s capital and then magnanimously redistribute it back to the tributaries.  Well, the stats are in, and it seems that neither of these two notions is really being fulfilled.  To be sure, Americans’ money is flowing to the nation’s capital.  But it’s not flowing back.

WashingtonDCIndeed, the metropolitan area of Washington, D.C., a city with little identifiable industrial output, dominates the Census Bureau’s newly updated list of America’s wealthiest counties.  Here are some highlights from that list:

Based on the median family income in 2012, the wealthiest county in America—by far—is Arlington Co., Va., located just across the Potomac River from D.C.  In fact, Arlington’s median family income ($137,216) is more than $10,000 higher than that of any other county in the United States.

The county with the 2nd-highest median family income ($127,192) is Loudoun Co., Va., also located in the D.C. metro area (according to the White House Office of Management and Budget’s list of metropolitan areas).  The 3rd-highest tally ($125,162) belongs to Howard Co., Md., which technically isn’t part of the D.C. metro area but is located between D.C. and Baltimore and is home to many people who commute to D.C.  The 4th-highest tally ($124,831) belongs to Fairfax Co., Va., yet another county located in the D.C. metro area.

In other words, in a nation that ranges from the Pacific to the Atlantic and boasts such grand and affluent cities as New York, San Francisco, Los Angeles, Chicago, Dallas, San Diego, Boston, and Seattle (among others), the four wealthiest counties in the land are all within commuting distance of the capital.

WashingtonDC2In the fifth spot, the New York metro area finally makes the list, as that position is held by Hunterdon Co., N.J. ($123,454).  California finally makes the list in the sixth spot, which is held by Marin Co. ($115,513), located just across the Golden Gate from San Francisco.  The seventh spot, however, is filled by Montgomery Co., Md. ($113,588), which borders D.C.

Thus, the D.C. metro area (population: 6 million) claims 4 of the top 7 spots, while the nation’s 380 other metro areas (total population: 308 million) combine to claim just 3.  Is this what President Obama means by “fairness”?

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