Elon Musk: Saving Money Will Be Obsolete in AI-Driven Future of Abundance

• Elon Musk predicts saving money will become unnecessary due to AI and robotics creating "universal high income" and eliminating poverty.
• He responded to the 'Trump Accounts' initiative, stating that while well-intentioned, it may be irrelevant in a future of abundance.
• Musk believes AI will make goods and services so efficient that scarcity, the foundation of modern economics, will fade, making money "irrelevant."
• He consistently states that work will become optional, like a hobby, as AI and robots replace all jobs, ensuring high living standards effortlessly.
• Musk's vision faces skepticism, particularly regarding its applicability to countries like India, where work is deeply tied to identity and the economy.

Why It Matters: Musk foresees an AI-driven future of abundance where saving money and traditional work are obsolete.