Presenting Ground Zero Of Global Wealth Inequality
By Tyler Durden
Washington's “sinkhole of leeches,” where money 'corrupts' and House members are “puppets” to lobbyists who bankroll their campaigns is officially the region with the greatest wealth inequality in the world. According to OECD data via Goldman Sachs, the average household disapoable income in Washington D.C. is 165% of the national average, higher than any other region in the world…
Source: Goldman Sachs
Of course, none of this should come as a great surprise to Zero Hedge readers. To be sure, we had previously shown that when it comes to the rate of return on lobbying, the rates were simply staggering, and ranged anywhere between 5,900% for oil subsidies, to 22,000% for multinational tax breaks and even higher for America's legal drug dealers.
As Congressman X previously detailed, the only people who count are the big donors who pour billions of dollars into lobbying.
He says money “corrupts” and House members are “puppets” to lobbyists who bankroll their campaigns.
“Business organizations and unions fork over more than $3 billion a year to those who lobby the federal government. Does that tell you something? We’re operating a f–king casino,” he says.
As he concluded:
“America’s on an irreversible decline and no one in Washington seems to care . . . God help us.”
And judging from the chart above, where are all the pitchforks?
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But don't worry: at least under Obama regime of daily choreographed distraction, gays and lesbians can legally marry, illegal immigrants will no longer be deported and women have never been more “equal” with men. Oh and the repeat invasion of Afghanistan is solely to punish a few head-cutting terrorists (who got their funding, training and weapons with the blessings of Qatar and the CIA).
And don't forget to bash that evil, evil regime in Russia where democracy is being trampled on a daily basis: the mainstream media which is also controlled by a handful of US billionaires, will have you know.
In fact, whatever you do just please ignore what is happening in the US right under everyone's noses.
And just in case what is happening is still unclear, here is the breakdown of the Top 25 contributors (full data set can be found as spreadsheet, html, or csv), or rather beneficiaries, of America's so-called “democracy.“
Source: Presenting Ground Zero Of Global Wealth Inequality
