Biden was just in office when the national debt went up almost ten trillion dollars in one or a few years.
The spending was supposed to prepare us for another virus emergency.
(But it also was an opportunity to fund solar panels and such)
There was no big building infrastructure-boom funding plan to prepare for a future virus, where social distancing and living quarter-isolation would be available for the elderly, the sick, and the homeless.
Everything is still woefully underdeveloped and butt-to-butt crowded.
It is not about the rich, rather it is simply because it is human nature to wait for a crisis before acting. Look at all the wasted energy we burn by shipping light-seeet-crude out while having heavy crude oil shipped because we are too lousy to build refineries. Look at the waste of energy the rich east and west coast cause by not supporting pipelines from the oil producing sections of the same United States. Is it the wealth of California that causes such environmentally hazardous waste of energy by requiring shipping via sea as opposed to more effective and efficient pipeline infrastructure?
I don't think the California people lack proper planning due to their wealth causing the lack of concern for everyone else on the planet. I think there is rather a basic human condition to just ignore the likely future scenarios and to simply worry about the path of least resistance in the here and now. Live for the present, the future is just pointless vanity...