Musk on "Trump Account": There will be no more poverty in the future, so there is no need to save money
BlockBeats News, December 18th: Billionaire and Bridgewater Associates founder Dalio announced yesterday that he plans to match a $250 donation for each child in Connecticut. Previously, Michael Dell and his wife donated $250 each to children under 10 through the "Trump Accounts" initiative.
In response, Musk stated that this was certainly a generous act by the Dell family, but there will be no more poverty in the future, so there is also no need to save money. Musk has previously advocated for universal high income and firmly believes that artificial intelligence and robotics technology in the future can eliminate the need for human work.
Trump Accounts are a new type of child investment account introduced in the "Working Families Tax Cuts" Act signed by President Donald Trump in 2025, aimed at providing long-term savings and investment opportunities for American children to help them build wealth.
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