Musk comments on "Trump's account": There will be no poverty in the future, so there is no need to save money

Billionaire and founder of Bridgewater Associates, Ray Dalio, announced yesterday that he plans to match a donation of $250 for each child in Connecticut. Previously, Michael Dell and his wife had donated $250 for each child under 10 through the "Trump Accounts" initiative.

In response, Musk stated that this is certainly a kind gesture from the Dells, but there will be no poverty in the future, and therefore there is no need to save money. Musk has previously advocated for high incomes for all, firmly believing that artificial intelligence and robotics will allow humanity to no longer need to work in the future.

Trump Accounts is a new type of children's investment account introduced by U.S. President Donald Trump in the "Working Families Tax Cuts" legislation signed in 2025, aimed at providing long-term savings and investment opportunities for American children to help them accumulate wealth.