Another telling and unfortunate sign that the federal government has gotten too big and spends too much comes courtesy of the U.S. Census, whose most recent data on household incomes reveals that the four richest counties in America are all suburbs of our nation’s Capitol
Loudoun County, Va., the city of Falls Church, Va., Fairfax County, Va., and Howard County, Md. all topped the $100,000 mark in median income, with Loudoun leading the way at $125, 900 per household and Howard earning the #4 spot at more than $110,000 per household. The fifth highest earning county was Douglas County, Co., coming in at just over $109,000 per household.
The good fortune of Washington, D.C.’s suburbs stands in stark contrast to most other national households whose tax dollars fund our government, as they’ve experienced largely stagnant income growth the past 10 years. Meanwhile, tax revenue to the government continues to set records.
This latest census data is yet another confirmation that ever-expanding government hurts economic growth and suppresses opportunity for America’s workers. While most of America is working harder just to get by, it’s boom-times in the land of big government.
