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WASHINGTON'S BOOM IS AMERICA'S GLOOM - By Charles Payne

There is no way the seat of government should be getting as rich as Washington DC has gotten over the past five years. It is simply an affront to overtaxed Americans and others that need funds in the private sector to facilitate that ladder of success - so critical to the American Dream.

In so many ways this harkens back to the days of King George IV and his nonstop taxes and regulations on colonists that finally pushed them over the edge. I was in DC over the weekend and what I saw was the metropolitan dream in a place that produces nothing.

As we drove into Washington DC from Maryland I was struck by all the cranes (see above) that littered the skies. It reminded me of my trip to Dubai when that city-state was using 25% of all the cranes on the planet preparing for the transition from oil-producer to financial center of the Middle East. From the driver's seat I counted seven cranes but the number climbed even higher as we entered the downtown area. Why is this such a boomtown? What are they manufacturing? Computer chips? Automobiles? Financial instruments that build buildings and businesses?

The last time any government had it this good it used the same tactic - exorbitant taxes and regulations. The last time this kind of government largess existed the people eventually rebelled.

King George vs. Colonists

> Navigation Act
> Stamp Act
> Molasses Act
> Tea Act
> Boston Port Act
> Coercive Acts
> Massachusetts Government Act
> Quartering Act

Now the nation is beginning to take notice. How could you not. A stroll through downtown reflects the kind of urban bliss that progressives dreamed of when they wrote about their utopia. People are walking and running and biking, they're young and vibrant and for the most part they are mostly white. Once known as dark country, DC has seen blacks slip to less than 50% of the population with many pushed into the neighborhoods with record unemployment and poverty. It's an elite town feasting on the hard work of people all over the nation.

The greatest product is in-fighting, regulations, taxes and uncertainty.

Made it to Arlington

And I'm proud to be on this peaceful piece of property,
I'm on sacred ground and I'm in the best of company,
I'm thankful for those thankful for the things I've done,
I can rest in peace, I'm one of the chosen ones,
I made it to Arlington.
Trace Adkins

While there is no greater honor to find one's final resting place at Arlington National Cemetery living in the county means things are pretty good in this current life. Like most counties that surround Washington DC the county is bursting at the seams with prosperity.

In the meantime look at the richest counties in America:

1) Arlington Co, VA $137,216 median family income
2) Loudoun Co, VA $127,193 median family income
3) Howard Co, MD $125,162 median family income
4) Fairfax Co, VA $124,831 median family income

I don't begrudge success but I do begrudge the war on success and determination to squeeze the nation into a thin separation of haves and have-nots with only the elites raking in the money for having to do all the thinking and reasoning for the rest of us. I suspect the current version of Washington DC is edging closer to this dream utopia. Of course the notion of closing the income inequality gap, the supposed goal of progressives means crushing the upper level in a system that would be better described as shared misery.

Case in point:

Washington DC sports the worst income inequality in the United States. In the District, the top 20th percentile of households made an average of $259,000 a year; this compares with the bottom 20th percentile that made $9,100 a year, which means the top fifth made 29 times the income of the bottom fifth. In America, the average top 5th percentile earned $292,000, significantly less than the $473,000 made by the top 5th percentile elites of the District of Columbia. There are a lot of cautionary tales being told and laid out in Washington DC. The mounting debt to fund an insatiable appetite is without the one that speaks loudest and yet those that dare to warn the populace are portrayed as villains.

At some point more people will feel and understand the parallels to 1776 for now it's up, up and away for a federal government that flourishes while the rest of the nation wonders if good times will ever come back.

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