Sunday, April 28, 2013

America's Richest Counties: D.C. Area Proves Rent-Seeking Pays

Forbes reports on rent-seeking gone wild:
While Loudoun ranks at the top, it’s far from alone on the list of wealthiest counties that surround Washington. In fact, it’s just the beginning. The neighboring counties of Falls Church City, Fairfax, Arlington and Prince William in Virginia and Howard County in Maryland all make the cut, giving the D.C. area six of the nation’s ten wealthiest counties. All boast median household incomes between $93,000 and $117,000 annually. The feds’ tentacles do spread beyond Washington. New Mexico’s Los Alamos County, home to the National Laboratory with a $2.2 billion budget, places No. 3 on the list with a median household income of $110,000.
For a look at the anatomy of class war, click on this.