Take a close look at the following map of the wealthiest counties in the US.
After the 2000 Census, the richest county in America was Douglas County, Colorado. By 2007, Douglas County had fallen to sixth. The new top three are now Loudon County, Virginia; Fairfax County, Virginia; and Howard County, Maryland. All three are suburbs or exurbs of Washington, D.C. In 2000, 14 of the 100 richest counties were in the Washington, D.C., area. In 2007, it was nine of the richest 20.
The problem is that, save for the tech corridor in D.C.’s Virginia exurbs, the Washington Metro area doesn’t actually produce anything. Washington doesn’t create wealth, it just moves it around — redistributes it. As government grows and takes control of more and more of the private economy — either through spending, regulation, or taxes — more and more wealth that’s created elsewhere comes to Washington to be devoured.
The Washington Post reports that the number of registered lobbyists in Washington doubled between 2000 and 2005, to nearly 35,000. Not coincidentally, federal outlays increased over that period from $1.79 to $2.29 trillion. The government put more money on the table, so firms were willing to pay more lobbyists higher salaries to go snatch a piece of it.
"People in industry are willing to invest money because they see opportunities here," one lobbyist told the Post. "They see that they can win things, that there’s something to be gained. Washington has become a profit center." Well, not exactly. "Profit" usually means providing products or services their customers want, which leads to voluntary, mutually beneficial transactions that leave both parties better off. In Washington, companies pay lawyers to procure money the government has forcibly taken from taxpayers. The only ones better off there are the companies and the politicians—which is worth keeping in mind the next time you hear how public service is an endeavor filled with honor, while the private sector is a playground for the greedy.
America’s wealthiest counties ring a city where the chief industry is government — and the entire region’s only getting richer. That doesn’t seem like a trend that bodes well for the health of a market-based economy.
Just thought you would want to know where the wealth is going. What do you think?
Michael

