The following was written by Convention of States Action President Mark Meckler and originally published on Selfgovern.com.
We live in a wealthy nation. This was made clear when data firm Wealth-X’s released their recent report entitled “A Decade of Wealth.” Six of the top ten are American, which I’m completely fine with. I wish every city on the list was here in the United States.
But one of them really gets under my skin. It reminds of that old Sesame Street song, “One of these things is not like the other… one of these things just doesn’t belong.”
New York – the financial epicenter of the world – tops out the list. That’s great and reasonable. Los Angeles also makes sense, as the entertainment epicenter of the globe.
But Washington, D.C. has no business being on that list. The wealth in Washington, D.C. is primarily generated by sucking wealth out of the rest of the country. It produces nothing but strife.
Many believe this extreme wealth is due to “double dipping,” inherent to government work. The Washington Examiner explains:
“The area is not a manufacturing or Internet hub, and instead is the home of much of the federal government. . . . Federal workers in the Washington area earn an average of about $110,000 a year, about $25,000 more than the average federal salary. And that is before benefits like 40 days off, 18 percent retirement matching, and ample health care insurance choices are added in. Many households have two federal workers, and many more have former federal workers receiving a pension now working for federal contractors, “double-dipping,” so to speak.”
Must be nice.
Every time one of these lists comes out, I’m angered that these career politicians – and their parasitic sycophants are in the swamp getting rich while the rest of America is struggling to make ends meet.
Here’s the complete list, per CNBC:
10. Dallas
Number of individuals with a net worth of $5 million or more: 36,51
Percentage of global population: 1.2%
9. Washington, D.C.
Number of individuals with a net worth of $5 million or more: 37,495
Percentage of global population: 1.3%
8. San Francisco
Number of individuals with a net worth of $5 million or more: 39,390
Percentage of global population: 1.3%
7. Chicago
Number of individuals with a net worth of $5 million or more: 44,795
Percentage of global population: 1.5%
6. Paris
Number of individuals with a net worth of $5 million or more: 49,005
Percentage of global population: 1.7%
5. London
Number of individuals with a net worth of $5 million or more: 50,305
Percentage of global population: 1.7%
4. Los Angeles
Number of individuals with a net worth of $5 million or more: 71,035
Percentage of global population: 2.4%
3. Hong Kong
Number of individuals with a net worth of $5 million or more: 73,430
Percentage of global population: 2.5%
2. Tokyo
Number of individuals with a net worth of $5 million or more: 81,645
Percentage of global population: 2.8%
1. New York
Number of individuals with a net worth of $5 million or more: 120,605
Percentage of global population: 4.1%
I wish this list could be sent to every American voter before they file their taxes.
Or, better yet, before they cast a vote.
Want to help bring The Swamp down a notch? Join the Convention of States movement by signing the petition below!
