"I don't see how it can be true ..."
Because if the goal is efficiency then we would have a completely different transport system. We would not have large amounts of paved roads which are lightly used (and you see many places in the US moving away from paved roads to gravel roads for exactly that reason).
If we are talking about efficiency then a lane of traffic carries about 3,000 people per hour per lane. Light rail at grade is about 4,000/hour and grade separated is about 8,000. Wikipedia says "light rail vehicles can travel in multi-car trains carrying a theoretical ridership up to 20,000 passengers per hour in much narrower rights-of-way, not much more than two car lanes wide for a double track system". Subways can handle 30,000 people per hour. Numbers from https://www.thoughtco.com/passenger-capacity-of-transit-2798... and https://en.wikipedia.org/wiki/Light_rail .
The thing is, the goal is not efficiency, at least not in any simple sort of sense.
The big problem is that the transport system affects where people go and live, and vice versa. Many places in the US are built with the expectation that people will have cars, which is why buses and light rails are run nearly empty. But in places like NYC or central London, which were built before cars and which can't waste the space on car infrastructure, it's more efficient to have mass transit.
Look at all the people who use light rail to commute into London, rather than drive. Can you really make the blanket statement that "Light rail is a horrifically inefficient use of land"?
Much of what you describe makes sense in the US historical context. However, the US system was not built with efficiency in mind. It was built with growth in mind, with the idea that new growth would be able to fund the maintenance of the old system. https://www.strongtowns.org/the-growth-ponzi-scheme/ is what convinced me of that.
If the goal is really for efficient use of limited public resources, then it needs to be done by redesigning our cities and towns so that bicycles, walking, and mass transit are more useful.
(Bear in mind too that when you see unused parking spaces - and most zoning laws require far more parking spaces than are usually needed - then that is also a waste. And a waste which makes is harder to walk, bike, or have an effective mass transit system.)
Other countries have done that, like cities in the Netherlands in the 1970s (see https://www.citylab.com/transportation/2017/07/it-takes-more... ).
You proposed "on average, what percent of the time is there a person above a physical location that is dedicated to transportation?" Isn't that a way of saying "how long does it take to go from X to Y"?
I don't think your proposal is that useful. If it takes 10 minutes to walk and 5 minutes to drive, but the drive requires available parking on both ends, then shouldn't you also include the infrastructure needed to support the transportation, in addition to the simple time that the person is above a physical location dedicated to transportation?
And since the car takes up more space, including a larger safety margin ("two second rule"), shouldn't that also be included?