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1Restrepo (2025) shows that once artificial general intelligence lets compute perform every task, output becomes linear in compute, wages converge to the value of the compute a worker saves, and the labor share goes to zero. We extend his task economy by treating compute as a reproducible, priced, depreciating capital good that needs energy and works alongside structures and land, and by adding households that own the claims to income. The labor-share result survives any constant-returns production structure: it needs only within-task substitutability. The wage-level result does not: when physical complements are gross complements and compute becomes cheap, the price of compute and wages go to zero in level and the income that labor loses goes to the owners of the scarcest complement; with a floor on the compute price, the wage equals the user cost of the replacement compute. Income shares and asset values are different objects: compute is capitalized at the duration of chips, so capital's share can rise while the wealth-to-income ratio falls, and a growth boom raises the real rate and compresses valuation ratios when the elasticity of intertemporal substitution is below one. In a calibrated model solved along perfect-foresight paths to 2300 under conditional scenarios, the labor share falls to \LSTwoZeroFiveZero{} by 2050, the real return peaks at \rPeak\%, the wealth-to-income ratio falls to \WYmin{} before land captures \LandShareTwoOneZeroZero{} of income and raises it to \WYTwoOneZeroZero{} by 2100, and the market value of compute never exceeds one fifth of GDP. A compute tax raises wages one-for-one with the tax-inclusive user cost; a land tax redistributes without distortion; a citizen fund keeps workers' consumption share bounded away from zero.2
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