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Capital gains

The “Washington elite” used to refer to members of the administration, Congress and those within the top ranks of our government. But over the last few years, we've seen the emergence of a new elite in Washington: lobbyists and those who profit greatly from government contracts.

The Washington Post reports that Washington DC is now the fastest growing region in America: "During the past decade, the region added 21,000 households in the nation’s top 1 percent. No other metro area came close." It has now surpassed New York and L.A. as the fastest growing region of wealth.

Who exactly are these new wealthy people? The Washington Post says that these are “former bureaucrats, accountants and staff officers for whom unimagined riches are suddenly possible.

Bureaucrats in Washington have found a way to get a piece of the action, padding their own pockets with your tax dollars. They are living in a growing, wealthy bubble as the rest of the country struggles to recover. They haven't a clue how frustrated the rest of Americans feel, and this report won't help mitigate those feelings.

Source: Washington Post