Comment by Nathan Johnson (nathan-johnson-1) on By default, capital will matter more than ever after AGI · 2024-12-30T05:37:12.182Z · LW · GW

"if you're willing to assume arbitrarily extreme wealth generation from AI"

Let me know if I'm missing something, but I don't think this is a fair assumption. GDP increases when consumer spending increases. Consumer spending increases when wages increase. Wages are headed to 0 due to AGI. 

Note: the current GDP per capita of the U.S. is $80,000.