This is basically Thomas Piketty's conclusion, but Rognlie shows that most of the outsized returns to "capital" are actually from housing/real estate once you p

This is basically Thomas Piketty's conclusion, but Rognlie shows that most of the outsized returns to "capital" are actually from housing/real estate once you properly factor in depreciation of capital assets: https://www.brookings.edu/bpea-articles/deciphering-the-fall-and-rise-in-the-net-capital-share/ https://www.brookings.edu/bpea-articles/deciphering-the-fall... https://www.brookings.edu/wp-content/uploads/2016/07/2015a_rognlie.pdf https://www.brookings.edu/wp-content/uploads/2016/07/2015a_r...