From this fascinating paper by Roger Burrows, Richard Webber and Rowland Atkinson:
To talk of ‘Pikettyville’ is then to conjure up an image of an urban system that has become hardwired to adopting, channelling and inviting excesses of social and economic capital in search of a space in which the rich not only find safe haven but are also privileged by the kind of property and income tax regimes and wider economic climate that allows them to thrive on their capital investments, while the wider city experiences some of the most challenging economic conditions since the early 20th century (Atkinson et al., 2016b).
Mark Carrigan 