Regular readers know I complain about the army of overpaid bureaucrats in Washington, but that’s just the tip of the iceberg.
The larger problem is that Washington also is filled with hundreds of thousands of other people who get rich thanks to big government. And these politicians, lobbyists, crony capitalists, interest groups, contractors, and influence peddlers almost surely are a bigger net drain on the economy’s productive sector.
When you combine the official bureaucracy with these other over-compensated beneficiaries of big government, it’s easy to understand why Washington, DC, is now the richest region of America, with 10 of the nation’s 15 richest counties.
Reuters did an expose last year on how Washington fat cats are living on Easy Street at our expense, and The Economistalso has touched on the issue. But you know the problem has reached epidemic levels when even the local left-wing paper covers the story.
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