Two-Thirds of GDP Going to Wages Will End With AI Capital

What was said

"Two-thirds of national income, two-thirds of GDP, basically gets paid out to wages and one-third gets paid out to capital. This goes away when capital can do labor, when a data center, which is capital, can also do labor, or a robot factory can also build labor. And so all the income goes to the capital holders."

Patel explained that the centuries-old economic constant of labor capturing two-thirds of GDP will collapse when AI-powered capital can perform labor functions, concentrating income among a tiny fraction of AI equity holders rather than workers or even traditional capital like homeowners. He argued this justifies massive redistribution despite his libertarian inclinations.