Page 5 - Doesnt Create Wealth News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Be washington, d.c. had all this money pouring. in in washington, d.c. really what matters in a lot of cases is connections, relationships, and if you are not in that closed circle, you are not going to get access to the funds. >> sean: you would think that these people that have a monopoly on compassion, steve would just look around them in some of these neighborhoods. i have been to many of them and they are struggling and people are starving and their kids need food stamps to feed themselves. >> it's unacceptable. also, if you look at that statistic that we had on the screen that the top 20...

Restaurant tourists open in this area because business is steady year around. >> washington, d.c. is a town that is unlike the other boom towns of america's past. in that the luxurious living that's afforded here doesn't come from its own creation of wealth. but it comes from extracting wealth from the rest of us. when other towns created automobiles or beef cattle for american consumption, it made them a boone -- boom town. the luxurious lifestyle washington has today which is comparable to beverly hills or wall street is very different. because that wealth creation is really wealth extractio...

With no wealth and making it off of government sports car and paying cash for it guy sitting there advertising don't have to advertise and guy like in here like in miami and los angeles and they can pay cash. luxurious lifestyle of the rich and powerful has metastasized. fine restaurants which you can't get into. i have never gone one washington correspondent's dinner, steve. i will tell you what, the reason you don't go down there, because you don't like that whole system and how it is set up. >> sean: i don't like the whole scene. no way. >> we have to start looking at this with a jaundiced ...

Restaurant tours to vegas restaurant tourists open in this area because business is steady year around. >> washington, d.c. is a town that is unlike the other boom towns of america's past. in that the luxurious living that's afforded here doesn't come from its own creation of wealth. but it comes from extracting wealth from the rest of us. when other towns created automobiles or beef cattle for american consumption, it made them a boone -- boom town. the luxurious lifestyle washington has today which is comparable to beverly hills or wall street is very different. because that wealth creation ...

Extracted all the talent and wealth to one location. that's what you have today. >> sean: it's not like they are producing products that people can buy. for example, traditional boom town, let's say it's an oil town. all right. so, a lot of jobs associated. >> silicone valley. >> sean: silicone valley. gold rush if we want to go back a little further. you can literally pinpoint what they are doing. >> they are making people's lives better. you have got cars. you have got beef in abilene, texas. washington, d.c. it's really extraction. to show you how bad it is is, sean, actually, lamborghinis,...