Brace yourself for a future where your piggy bank gathers dust, as Elon Musk, the visionary behind Tesla and SpaceX, envisions a world transformed by artificial intelligence and robotics.
According to Breitbart, Musk emphasizes that these cutting-edge technologies will usher in an era of “universal high income,” making the need to save money as outdated as a flip phone.
Commenting on the Trump Accounts—new savings and investment plans for young Americans under the One Big Beautiful Bill Act—Musk tipped his hat to the initiative but questioned its long-term relevance.
Investor Ray Dalio’s recent pledge to support these accounts via a post on X drew Musk’s attention, prompting him to share his contrarian take.
“They will ultimately be unnecessary,” Musk said of the Trump Accounts, suggesting that while the gesture is appreciated, it’s a temporary fix for a problem tech will soon erase.
Let’s unpack that: if AI can deliver prosperity for all, why bother with government-backed nest eggs when robots might be the real golden geese?
At the Viva Technology conference in Paris in May 2024, Musk laid out his roadmap, painting a picture in which AI and robots outperform humans at nearly every task.
In this “benign scenario,” as he called it, most folks wouldn’t need to clock in, with work becoming more of a pastime than a paycheck necessity.
With an estimated 80 percent chance of jobs turning optional, Musk argues society’s biggest hurdle won’t be paying bills but finding purpose when machines outshine us.
Unlike the often-touted universal basic income, Musk’s concept of “universal high income” promises not just survival but abundance, with goods and services aplenty for everyone.
He’s doubled down on this idea, noting in November that labor could become as optional as tending a backyard garden—something you do for joy, not need, since essentials are easily bought. This isn’t just tech optimism; Musk credits millions of robots boosting productivity as the engine behind this seismic shift, though his Tesla Optimus project faces delays and executive exits.
Beyond personal finance, Musk claims AI and robotics are the only realistic answers to the United States’ staggering debt crisis, potentially rendering money itself obsolete as tech advances.
“Saving money will become irrelevant in the future due to the emergence of ‘universal high income’ driven by AI and robotics,” Musk declared, a statement that challenges every fiscal planner’s playbook.
While his net worth hovers around $470 billion, and he steers his companies like Tesla toward an AI-centric horizon with goals like 80 percent of Tesla’s value from Optimus robots, one wonders if conservatives should embrace this future or cling to traditional self-reliance—after all, isn’t personal responsibility the bedrock of American values, even if bots build the house?