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Bleak House Effect

Or, where the top 1% are to be found:

Bloomberg: Federal employees whose compensation averages more than $126,000 and the nation’s greatest concentration of lawyers helped Washington edge out San Jose as the wealthiest U.S. metropolitan area, government data show.

The U.S. capital has swapped top spots with Silicon Valley, according to recent Census Bureau figures, with the typical household in the Washington metro area earning $84,523 last year. The national median income for 2010 was $50,046.

It’s good to know that the real venture “capitalists” in the modern corporate state are earning their due. For the Occupy Wall Streeters, this is desirable. Have a nice day. Call me when the Goths come. Here is the reference in the post’s title.

One Response to “Bleak House Effect”

  1. Harry says:

    The BBC, through PBS, had a great series of Bleak House, which actually provoked me to withdraw a dusty volume not far from Economic Sophisms, and read it.

    BTW, WC, the WSJ had Bastiat in its notable and quotable on Tuesday, talking about the seen and unseen.

    The irony of the Chancery Court consuming the inheritance reminds one of all the friction in our system.

    Bastiat speaks directly to this problem in the WSJ quotation, and if I were not limited by Steve Jobs by my phone, or my lack of understanding how to use it, I would post it.

    I showed four doctors the movie, and they were rapt.

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