They may see the nation’s capital as “the epicenter of everything,” as one of Dabbiere’s colleagues put it, but they’re not necessarily interested in politics. Rather, they’re creating and selling companies in fields such as biotech, cybersecurity, cloud computing and data mining. If they sell to the federal government, they’re more likely to see Uncle Sam as another client, rather than as a platform to change the world.
In recent years, the Washington area has seen a dramatic rise in “1-percenters,” households that make about $400,000 or more. Their ranks have jumped 65 percent in the past decade, from 32,000 people to 53,000. That growth has spawned a plethora of high-end retail establishments, restaurants that serve $22 cocktails and $110-a-night pet spas with doggie lap pools.
Monday, December 02, 2013
So we can afford to make more millionaires.
by Atrios at 11:26