Washington DC has the highest median household income in America outside of California’s Bay Area. $121k, versus the national median of $82k.
Can anyone explain to me why this is acceptable? Because I’m struggling to think of reasons why we should be okay with it.
Outside of extracting value from the federal government—transferring taxpayer dollars to GS-15s in the administrative state and middle managers in the GovCon-industrial complex—the Capital Beltway has no meaningful economy. It produces almost nothing of value for the rest of our country.
It’s not a financial center, like New York ($95k), Bridgeport ($111k), Chicago ($87k), or Dallas ($86k).
It’s not the home of any large ports, like Baltimore ($94k) or New Orleans ($61k).
It’s not a major research hub, like Boston ($110k) or Raleigh ($96k).
It doesn’t even have nice weather, like San Diego ($103k), Los Angeles ($91k), or Honolulu ($103k).
Yet the median household in DC makes significantly more than the median in any of these major metropolitan areas.
Help me make sense of this, because the more I look at this, the more I start to think the entire system is just a racket.
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Can anyone explain to me why this is acceptable? Because I’m struggling to think of reasons why we should be okay with it.
Outside of extracting value from the federal government—transferring taxpayer dollars to GS-15s in the administrative state and middle managers in the GovCon-industrial complex—the Capital Beltway has no meaningful economy. It produces almost nothing of value for the rest of our country.
It’s not a financial center, like New York ($95k), Bridgeport ($111k), Chicago ($87k), or Dallas ($86k).
It’s not the home of any large ports, like Baltimore ($94k) or New Orleans ($61k).
It’s not a major research hub, like Boston ($110k) or Raleigh ($96k).
It doesn’t even have nice weather, like San Diego ($103k), Los Angeles ($91k), or Honolulu ($103k).
Yet the median household in DC makes significantly more than the median in any of these major metropolitan areas.
Help me make sense of this, because the more I look at this, the more I start to think the entire system is just a racket.
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Somehow it’s even more offensive when you look at the percent of households making more than $200k. You really mean to tell me 26% of households in DC make that much?!
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Beavers pause while chewing trees to listen for movements so that the tree falls away from them
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Trump administration has just asked SDNY Judge Vargas to vacate the Treasury Dep't temporary restraining order, arguing "No court can issue an injunction that directly severs the clear line of supervision Article II requires."
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“Minority” concept was always a lie
Boundry lines get redefined the moment they stop supporting a certain agenda
Underappreciated mathematical concept — he who defines the boundary lines has unbounded degrees of freedom to dictate the outcome
Related to concept of “gerrymandering”, but more general
What’s more, there doesn’t exist any “most reasonable” non-interactive boundary definition, in absense of some optimization end-goal
No escaping asking “for what purpose”? — Any math that claims to sidestep the need to simultaneously answer this question, is a lie, and boy many have tried
Ofc, despite this, some end-purposes can be shown to be objectively vastly better than others
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Boundry lines get redefined the moment they stop supporting a certain agenda
Underappreciated mathematical concept — he who defines the boundary lines has unbounded degrees of freedom to dictate the outcome
Related to concept of “gerrymandering”, but more general
What’s more, there doesn’t exist any “most reasonable” non-interactive boundary definition, in absense of some optimization end-goal
No escaping asking “for what purpose”? — Any math that claims to sidestep the need to simultaneously answer this question, is a lie, and boy many have tried
Ofc, despite this, some end-purposes can be shown to be objectively vastly better than others
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$TST token — a BNB token that was mentioned in a Binance video tutorial, got listed on Binance
Sell-on-binance still looking like a good rule
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Sell-on-binance still looking like a good rule
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