When wealth is transferred, not created, only Washington wins
In America today, the best way to get rich is to masquerade as a “public servant,” deceive the people with promises you’ll never fulfill, and when anyone objects, condemn them as a greedy miser who won’t pay their fair share. It’s an idea so successful it built a city that’s more prosperous than Silicon Valley.
To wit, in Washington, D.C.:
- “Construction cranes dominate the downtown skyline, and your average homeless guy can barely grab a stretch of sidewalk before yet another boutique store pops up to bounce his bedroll.”
- “D.C. Leads List of Most Shopaholic Cities in America.”
- “If you wanted to imagine what the economy might look like if the country were much better educated,” Leonhardt writes, “you can look at Washington.”
- Key factors identified in the Bloomberg report include massive defense contracts, “federal employees whose compensation averages more than $126,000,” “the nation’s greatest concentration of lawyers,” and record-high lobbying expenditures.
- D.C. gobbled up “more stimulus dollars per capita than any state.”
Meanwhile in Stockton, CA:
- Stockton, California made history in June 2012 when it became the largest U.S. municipality in history to file Chapter 9 bankruptcy.
- The city is on the hook for more than $800 million in unfunded liabilities for pensions and other post-employment benefits.
- Stockton’s general fund, meant to be for basic city services such as police and fire, has been gutted by the poor fiscal decisions, resulting in a 26-percent reduction in city police. Last year, a record 58 murders took place in Stockton. This year, they’ve already had 34.
And yet here’s what Elizabeth Warren, candidate for US Senate, has to say from her cushy Washington, D.C. job as a “Special Advisor” to the Consumer Financial Protection Bureau:
“You were safe in your factory because of police forces and fire forces that the rest of us paid for… part of the underlying social contract is you take a hunk of that and pay forward for the next kid who comes along.”
Can you smell the hypocrisy? Is anyone really taking these thieves seriously anymore? Or are we just doing what we’re told at gunpoint?
The state has bloated to a size far beyond what’s required for the good of society. Elected officials aren’t spending your taxes on civil services. They’re slopping at the trough while your hometown rots.