A River of American Money Flows to D.C.
12:50 PM, Sep 23, 2013 • By JEFFREY H. ANDERSON
The seemingly inescapable conclusion is that a great deal of Americans’ hard-earned money is flowing to the nation’s capital and simply staying there. Decades of efforts to centralize and consolidate money and power in D.C. have, not surprisingly, made D.C. an unparalleled center of money and power.
About 175 years ago, Alexis de Tocqueville, referring to the unfortunate mindset of so many of “the ambitious and capable” in our society, wrote, “It is a waste of one’s time to want to prove to them that extreme centralization can be harmful to the state, since they centralize for themselves.”
The stats suggest he was right.
Anderson is executive director of the newly formed 2017 Project, which is working to advance a conservative reform agenda.