Musk looks at "Trump's massive money transfer": There will be no poverty in the future, so there is no need to save money
Musk responded to "Trump Account" that AI will eliminate poverty and the meaning of saving money will disappear.
(Preliminary briefing: SpaceX promotes IPO! Musk's goal of "valuation of US$1.5 trillion" is to raise more than US$30 billion)
(Background supplement: Musk regrets: the Government Efficiency Department has "limited results" and will not do DOGE again if time goes back)
Telsa founder Musk expressed his position on the "Trump Account" donation to children on the X platform on the 17th, speaking out about the future of AI Poverty will be eradicated, and then "there will be no need to save money."
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The "Trump Account" is a children's savings plan launched by the U.S. Department of the Treasury in 2025. Children born between 2025 and 2028 can receive $1,000 in seed capital and be locked in index funds until adulthood. In the past two days, Bridgewater Associates founder Ray Dalio and Dell Technologies founder Michael Dell announced additional millions of dollars in donations to this project to strengthen the impact of this policy.
Just as the capital market applauded "poverty relief," Musk said in the post that Dell and Dalio's good deeds are admirable, but
There will be no poverty in the future, so there is no need to save money.
This sentence completely separates the traditional financial emphasis on capital accumulation and the productivity of AI robots.
It is certainly a nice gesture of the Dells, but there will be no poverty in the future and so no need to save money.
There will be universal high income.
— Elon Musk (@elonmusk) December 17, 2025
Old Money’s Playbook: Compound Interest
The reason why Dalio and Dell support the “Trump Account” is that they believe that capital is still a scarce resource. 18 years is enough leverage to roll $1,000 into a substantial education or entrepreneurial fund. For Wall Street, this seed capital not only symbolizes the inheritance of wealth, but also an institutionalized method of using market rates of return to combat the gap between rich and poor.
Old Money still uses the familiar allocation of equity, bonds, and long-term indexation. These mechanisms are still based on the assumption that "scarcity still exists."
Musk is betting on the explosion of production and supply brought about by AI and robots. He advocates that when robots take over manufacturing, logistics and basic services, the marginal cost of goods and services will approach zero, and "universal high income" will replace "universal basic income." In such an environment, the incentive to hoard fiat currencies or assets naturally disappears, because the costs of action and ownership have plummeted.
His views have appeared frequently in the past two years. He predicts that money will no longer be important to mankind in the future, and currency is more likely to be energy. But everyone needs to know that until robots achieve saturation in production and resource allocation facilities are implemented, it may be difficult to realize the endgame described by Musk. "Is it necessary to save money?" becomes a simple question. Can we survive until that era really comes?
Trump has just announced that the United States will have the largest tax refund in history in 2026, with an average of US$11,000-20,000 per family. Modern humans still attach great importance to money.
