True; wealth is primarily getting concentrated in the hands of middle class (who become upperclass) homeowners in NIMBY cities. See the work of Matthew Rognlie

True; wealth is primarily getting concentrated in the hands of middle class (who become upperclass) homeowners in NIMBY cities. See the work of Matthew Rognlie on this. (Growth in home values is the entire source of increased r in Piketty's r > g.) If you want to claim that the US government spending $2-4B somehow funnels money to the capitalists, it's tangential to my point. Wherever the money gets lost, the point is that the US is simply not capable of building transit the way the rest of the world does.