[Musk on 'Trump Accounts': There will be no poverty in the future, so saving money will no longer be necessary] BlockBeats News, December 18 – Billionaire and Bridgewater Associates founder Ray Dalio announced yesterday that he plans to match a $250 donation for each child in Connecticut. Previously, Michael Dell and his wife had donated $250 per child under the age of 10 through the 'Trump Accounts' initiative. In response, Musk commented that this is, of course, a kind gesture by the Dell family, but there will be no poverty in the future, so saving money will no longer be necessary. Musk has previously advocated for universal high income, firmly believing that artificial intelligence and robotics will eliminate the need for humans to work in the future. Trump Accounts are a new type of children's investment account introduced under the 'Working Families Tax Cuts' legislation signed by U.S. President Donald Trump in 2025. The initiative aims to provide American children with long-term savings and investment opportunities to help them build wealth.