No. Let me change the situation. Is it good to own a ford escort when there are no roads to drive it on or own a ford escort when there is a road system to ride it on. His argument is not dependent on a particular definition of wealth.
Fuel taxes raise enough money to build and maintain the roads 20 times over. The reason the government lets the roads go is because they know people will eventually get fed up and vote for new taxes to fix them. Road repair and school construction bonds are the proven cash cows of taxes.