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If people become satiated with capital, the returns to accumulating it fall and the rich start consuming again instead of compounding.

Drawn from what Alex Imas said

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What Alex Imas actually said

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  1. Alex Imas

    Behavioural economist at Chicago Booth

    But, if we get into a situation where people are satiated with capital, um then the returns to accumulating capital are going to be lower. And so, then these rich people are going to be consuming more.

    Where this was said

    Watch from 0:50:09 plays here

    ↗The better AI gets, the smaller its share of the economy might get – Alex Imas and Phil Trammellyoutube.com

    video · 1h 16m · spoken · machine transcript

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