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We call it “the nation’s capital,” but that’s increasingly a misnomer. Consider Congress, where as last year ended 250 members, or 47% of our representatives, were millionaires, and the estimated median net worth of a senator was $2.56 million. Or consider the city of movers, shakers, and lobbyists they live in. In Washington D.C., “the top fifth of earners in the District make an average of 29 times the income of the bottom fifth.” In average annual household salary that translates as $259,000 versus $9,100. For the capital’s top 5%, that number is $473,000, “far above the $292,000 averaged by their counterparts in other large cities.”...
