Elon Musk, the head of companies like Tesla and SpaceX, has shared a big idea about the future. He believes that one day poverty will not exist and people will not need to worry about saving money. His statement has started many discussions because it goes against how we think about money and work today.
Elon Musk was responding on X (formerly Twitter) to a post by investor Ray Dalio about the newly announced Trump accounts initiative. Dalio had praised the effort, calling it a bipartisan move aimed at helping young Americans build financial knowledge and invest early.
Replying to Dalio’s message, Musk said: “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.
Everyone Will Earn Enough
Elon Musk believes the future will bring something he calls a “universal high income.” This means everyone would earn enough money to live comfortably. People would not struggle to pay bills or worry about basic needs. Unlike current ideas of basic income, Musk thinks income levels will be high for everyone, not just enough to survive.
He shared this view while reacting to talks about teaching people how to save money. While he thinks saving is useful today, he feels it may not be important in the future he imagines.
Technology Will Do Most Work
According to Elon Musk, new technology will change everything. Artificial intelligence and robots will do most of the work that humans do now. Machines will produce goods faster and at lower costs. Because of this, many things could become cheap and easy to access.
Elon Musk believes people may not need regular jobs to survive. Work could become a choice rather than a necessity. People might work because they enjoy it, not because they need money to live.
Why Saving Money May Not Matter?
One of Elon Musk’s strongest claims is that saving money may become unnecessary. If everyone has enough income and basic needs are easily met, there may be no fear of financial problems. Things like food, housing, and healthcare could be available to all.
This idea is very different from today’s world, where saving money is important for emergencies and the future. Elon Musk’s vision depends on big changes in how society works.
Idea That Raises Questions
Many people find Elon Musk’s vision exciting, but others are unsure if it is realistic. They believe technology alone cannot solve problems like inequality and fair distribution. Big social and policy changes would also be needed.
Even so, Elon Musk’s ideas make people think about how technology could shape our future. Whether or not this future comes true, it opens a discussion about how work, money, and life itself may change in the years ahead.
