{"id":14937,"date":"2025-12-21T09:31:49","date_gmt":"2025-12-21T16:31:49","guid":{"rendered":"https:\/\/jasonsblog.ddns.net\/?p=14937"},"modified":"2025-12-21T09:31:49","modified_gmt":"2025-12-21T16:31:49","slug":"elon-musk-predicts-ai-will-make-money-obsolete-dismisses-need-for-savings-accounts","status":"publish","type":"post","link":"https:\/\/jasonsblog.ddns.net\/index.php\/2025\/12\/21\/elon-musk-predicts-ai-will-make-money-obsolete-dismisses-need-for-savings-accounts\/","title":{"rendered":"Elon Musk Predicts AI Will Make Money Obsolete, Dismisses Need for Savings Accounts"},"content":{"rendered":"\n<p>This is kind of interesting in that the world has been run so poorly by the OCGFC, that most people are living paycheck to paycheck, with a good chunk of those falling behind and being crushed by their debt burdens. And when you become a useless eater, they&#8217;re going to want to remove you, so I wouldn&#8217;t get too encouraged by Musk&#8217;s vision of the future. Also worth pointing out, savings accounts aren&#8217;t very valuable, because as a rule the fed shoots for 2% inflation per year, which means your money is devalued by 2% per year, so you&#8217;d need more than 2% in interest to grow you money at all. But with printing a lot of money out of thin air, inflation has been much greater for many years and your savings is actually losing value. A better approach would be to exit this fiat money scam with <a href=\"https:\/\/jasonsblog.ddns.net\/index.php\/2025\/09\/12\/the-case-for-the-only-cryptocurrency-of-value-bitcoin\/\" target=\"_blank\" rel=\"noreferrer noopener\">Bitcoin<\/a> which can&#8217;t be printed per the whim of governments and their OCGFC controllers. <\/p>\n\n\n\n<p><a href=\"https:\/\/www.naturalnews.com\/2025-12-20-elon-musk-predicts-ai-will-make-money-obsolete.html\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.naturalnews.com\/2025-12-20-elon-musk-predicts-ai-will-make-money-obsolete.html<\/a><\/p>\n\n\n<div class=\"wp-block-ub-divider ub_divider ub-divider-orientation-horizontal\" id=\"ub_divider_e64d0b67-11f2-4be7-8e85-2084bd302999\"><div class=\"ub_divider_wrapper\" style=\"position: relative; margin-bottom: 2px; width: 100%; height: 2px; \" data-divider-alignment=\"center\"><div class=\"ub_divider_line\" style=\"border-top: 2px solid #ccc; margin-top: 2px; \"><\/div><\/div><\/div>\n\n\n<p>By Belle Carter<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.naturalnews.com\/wp-content\/uploads\/sites\/91\/2025\/12\/Elon-Musk-White-House.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Musk dismisses traditional savings accounts (including &#8220;Trump Accounts&#8221;) as unnecessary, predicting AI and robotics will create a post-scarcity economy where financial planning becomes irrelevant.<\/li>\n\n\n\n<li>Musk envisions a future where AI-driven productivity ensures widespread wealth, eliminating the need for labor and replacing universal basic income (UBI) with &#8220;universal high income.&#8221;<\/li>\n\n\n\n<li>Musk argues automation is the only way to resolve America&#8217;s $34 trillion debt crisis, with companies like Tesla shifting toward AI-powered labor (e.g., Optimus robots projected to generate 80% of Tesla&#8217;s value).<\/li>\n\n\n\n<li>Musk predicts AI will outperform humans in nearly all jobs, making employment a choice rather than a necessity, though critics question corporate control of AI and the psychological impacts of a work-free society.<\/li>\n\n\n\n<li>While some economists warn of mass unemployment, Musk&#8217;s futurist vision\u2014once seen as sci-fi\u2014is shaping policy discussions, challenging traditional capitalism and financial systems.<\/li>\n<\/ul>\n\n\n\n<p>Elon Musk, the billionaire CEO of Tesla and SpaceX, has dismissed the concept of traditional savings accounts\u2014including the newly proposed &#8220;Trump Accounts&#8221; initiative\u2014as ultimately unnecessary, arguing that artificial intelligence (AI) and robotics will soon render money irrelevant.<\/p>\n\n\n\n<p>In a recent post on X (formerly Twitter), Musk responded to investor Ray Dalio&#8217;s announcement of contributing to the &#8220;Trump Accounts,&#8221; a savings and investment program for young Americans established under the One Big Beautiful Bill Act. While acknowledging the philanthropic intent, Musk doubled down on his long-held belief that AI-driven automation will create a future of abundance where financial planning becomes obsolete.<\/p>\n\n\n\n<p>&#8220;This is a nice gesture, but in the future, AI and robotics will make saving money unnecessary,&#8221; Musk wrote. &#8220;There will be universal high income.&#8221;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Musk&#8217;s vision: A post-work, post-scarcity economy<\/h2>\n\n\n\n<p>Musk has repeatedly predicted that AI and automation will eliminate most jobs, leading to a world where work is optional and goods and services are abundant. At the 2024 Viva Technology conference in Paris, he suggested that in a &#8220;benign scenario,&#8221; AI will outperform humans in nearly every domain, making traditional employment unnecessary.<\/p>\n\n\n\n<p>&#8220;There&#8217;s an 80% probability that AI will make jobs optional,&#8221; Musk stated. &#8220;The real challenge will be: What do people do with their time when they don&#8217;t have to work?&#8221;<\/p>\n\n\n\n<p>His vision extends beyond universal basic income (UBI), proposing a &#8220;universal high income&#8221; instead\u2014a scenario where AI-driven productivity ensures widespread wealth without the need for labor.<\/p>\n\n\n\n<p>Musk has also framed AI as the only viable solution to America&#8217;s $34 trillion debt crisis, arguing that automation will soon make human labor economically irrelevant. His companies, including Tesla, are already pivoting toward this future. Optimus robots are projected to generate 80% of Tesla&#8217;s value, despite ongoing production delays.<\/p>\n\n\n\n<p>&#8220;Work will be optional, like playing sports or gardening,&#8221; Musk told <em>Breitbart News<\/em> in November. &#8220;Some people will still choose to work because they enjoy it, but most won\u2019t have to.&#8221;<\/p>\n\n\n\n<p>Critics, however, question whether Musk&#8217;s predictions account for economic inequality, corporate control of AI or the psychological impact of a work-free society. Some X users mocked his stance, pointing out that Musk himself recently sought a trillion-dollar pay package\u2014hardly the behavior of someone who believes money will soon be obsolete.<\/p>\n\n\n\n<p>As <em>BrightU.AI<\/em>&#8216;s Enoch points out,&nbsp;Musk&#8217;s current net worth is $671.5 billion, making him the world&#8217;s first trillionaire-in-waiting.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">A radical economic shift\u2014or just futurist speculation?<\/h2>\n\n\n\n<p>Musk&#8217;s comments reflect a growing debate about the future of capitalism in an AI-dominated world. While some economists warn of mass unemployment and social upheaval, others, like Musk, envision a post-scarcity economy where money itself may become redundant.<\/p>\n\n\n\n<p>As AI continues to advance, Musk&#8217;s predictions\u2014once dismissed as science fiction\u2014are increasingly shaping policy discussions. Whether his utopian vision materializes remains uncertain, but one thing is clear: the billionaire&#8217;s influence ensures that AI&#8217;s role in redefining work, wealth and economic survival will remain a defining topic of the decade.<\/p>\n\n\n\n<p>For now, the &#8220;Trump Accounts&#8221; initiative moves forward, betting on traditional financial planning\u2014even as Musk insists the future belongs to machines.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Sources include:<\/h4>\n\n\n\n<p><a href=\"https:\/\/yournews.com\/2025\/12\/18\/5437402\/elon-musk-dismisses-trumps-savings-accounts-as-obsolete-claims-ai\/\">YourNews.com<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/x.com\/elonmusk\/status\/2001361571407368589?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E2001361571407368589%7Ctwgr%5Ec8616121ba52b080a50169b7b96298775fb3ae90%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.ibtimes.co.uk%2Fno-need-save-money-richest-man-earth-elon-musk-says-money-will-soon-become-irrelevant-1764025\">X.com<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.foxbusiness.com\/economy\/musk-predicts-ai-create-universal-high-income-make-saving-money-unnecessary\">FoxBusiness.com<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.ibtimes.co.uk\/no-need-save-money-richest-man-earth-elon-musk-says-money-will-soon-become-irrelevant-1764025\">IBTimes.co.uk<\/a><\/p>\n\n\n\n<p><a href=\"http:\/\/BrightU.ai\">BrightU.ai<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.brighteon.com\/c15c2bca-f215-4378-88f9-cda061b50901\">Brighteon.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This is kind of interesting in that the world has been run so poorly by the OCGFC, that most people are living paycheck to paycheck, with a good chunk of those falling behind and being crushed by their debt burdens. And when you become a useless eater, they&#8217;re going to want to remove you, so [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,7],"tags":[],"class_list":["post-14937","post","type-post","status-publish","format-standard","hentry","category-tech","category-world"],"blocksy_meta":[],"featured_image_src":null,"author_info":{"display_name":"Jason","author_link":"https:\/\/jasonsblog.ddns.net\/index.php\/author\/jturning\/"},"_links":{"self":[{"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/posts\/14937","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/comments?post=14937"}],"version-history":[{"count":1,"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/posts\/14937\/revisions"}],"predecessor-version":[{"id":14938,"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/posts\/14937\/revisions\/14938"}],"wp:attachment":[{"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/media?parent=14937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/categories?post=14937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/tags?post=14937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}