Elon Musk on "Trump's Nationwide Spending Spree": There will be no poverty in the future, so there's no need to save money.

Elon Musk Responds to “Trump Account”: AI Will Eliminate Poverty, Making Saving Money Obsolete.
(Background: SpaceX Prepares for IPO! Musk Aims for a “Valuation of $1.5 Trillion” with Over $30 Billion in Funding)
(Additional Context: Musk Regrets: Government Efficiency Department “Limited Results,” Would Not Do DOGE Again if He Could Turn Back Time)

Tesla Founder Elon Musk commented on the “Trump account” for children’s savings on the X platform on the 17th, stating that in the future AI will eliminate poverty, and “saving money will no longer be necessary.”

Full details of the event

The “Trump account” is a children’s savings plan launched by the U.S. Treasury in 2025. Children born between 2025 and 2028 will receive a $1,000 seed fund, locked into an index fund until adulthood. Recently, Ray Dalio, founder of Bridgewater Associates, and Michael Dell, founder of Dell Technologies, announced additional donations of several million dollars to strengthen the impact of this policy.

While the capital markets celebrate “poverty alleviation,” Musk stated in a post that

“Dell and Dalio’s good deeds are admirable, but in the future there will be no poverty, so there will be no need to save money.”

This statement sharply contrasts traditional finance’s emphasis on capital accumulation with the AI-driven productivity perspective.

“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

The Old Money Script: Compound Interest

Dalio and Dell support the “Trump account” because they believe capital remains a scarce resource. Over 18 years, leverage can turn $1,000 into a substantial education or startup fund. For Wall Street, this seed money not only symbolizes wealth transfer but also represents an institutionalized method to combat income inequality through market returns.

Old Money still relies on familiar equity, bonds, and long-term index allocations, mechanisms built on the assumption that scarcity persists.

Musk, on the other hand, bets on the explosion of production supply brought by AI and robots. He advocates that when robots fully 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 motivation to hoard fiat or assets naturally diminishes, as the costs of action and ownership drastically decline.

This perspective has appeared frequently in recent years. Musk predicts that in the future, money will no longer be important to humans, and currency may become energy. But everyone should understand that before robots reach production saturation and resource distribution systems are in place, the endgame Musk envisions may be difficult to realize.

“Is saving money necessary” becomes a simple question—can we hold on until that era truly arrives?

Trump just announced the largest tax rebate in U.S. history for 2026, with each household receiving an average of $11,000–$20,000. Modern humans still place great importance on money.