Elon 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 is certainly a kind act by the Dell family, but there will be no more poverty in the future, so there is no need to save money. Musk has previously advocated for universal high income, believing that artificial intelligence and robotics can eliminate the need for human work in the future.

Trump Accounts are a new type of child investment account introduced in the "Working Families Tax Cuts" signed by U.S. President Donald Trump in 2025, aiming to provide long-term savings and investment opportunities for American children to help them build wealth.