{"id":203062,"date":"2025-12-25T09:39:16","date_gmt":"2025-12-25T09:39:16","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/203062\/"},"modified":"2025-12-25T09:39:16","modified_gmt":"2025-12-25T09:39:16","slug":"worlds-richest-man-elon-musk-says-money-wont-matter-when-kids-turn-18-amid-trump-accounts-buzz-ai-robotics-will-eliminate-scarcity","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/203062\/","title":{"rendered":"World’s Richest Man Elon Musk Says ‘Money Won’t Matter’ When Kids Turn 18 Amid Trump Accounts Buzz: ‘AI\/Robotics Will Eliminate Scarcity’"},"content":{"rendered":"\n

Tesla Inc. (NASDAQ:<\/a>TSLA<\/a>) CEO Elon Musk doubled down on claims<\/a> about money becoming obsolete in the future with the advent of artificial intelligence (AI) and Robotics.<\/p>\n

On Monday, a user, Scott Adams, quoted a post on X that detailed President Donald Trump’s Treasury Secretary Scott Bessent’s efforts to get more companies to invest in the President’s “Trump Accounts” initiative, aiming to provide capital to children when they turn 18. “Will money have value when the kids turn 18?” Adams asked in his post.<\/p>\n

Will money have value when the kids turn 18? https:\/\/t.co\/y2UQ6Tkm8S<\/a><\/p>\n

Don’t Miss:<\/p>\n

Responding to the question, Musk shared his thoughts. “Civilization will either be gone or AI\/robotics will eliminate scarcity,” Musk said in his response. The billionaire ended the post by saying that “money won’t matter.”<\/p>\n

Civilization will either be gone or AI\/robotics will eliminate scarcity. <\/p>\n

Either way, money won’t matter.<\/p>\n

The comments come amid concerns expressed by experts<\/a> for parents opting to enroll in the initiative, warning that a hidden fine print for the initiative would lead to a tax filing only reserved for the ultra-wealthy. Experts warn that the contributions made by parents after the initial seed capital from the federal government lack a crucial exemption from federal gift tax laws.<\/p>\n

See Also: Earn While You Scroll: The Deloitte-Ranked #1 Software Company Growing 32,481% Is Opening Its $0.50\/Share Round to Accredited Investors.<\/a><\/p>\n

Meanwhile, Michael Dell, founder of Dell Technologies Inc. (NYSE:<\/a>DELL<\/a>), along with his wife Susan Dell, has pledged over $6.25 billion in grants<\/a> to fund the Trump-branded investment accounts for children.<\/p>\n

Musk was handed a major boost by the Delaware Supreme Court after it ruled in favor of restoring the billionaire\u2019s $56 billion pay package from 2018. The court reversed an earlier judgment, which had blocked the pay package.<\/p>\n

The package strengthens Musk’s position as the CEO of the automaker, with Musk gaining over 18.1% of Tesla’s expanded share base if he chooses to exercise all stock options under the 2018 compensation plan. Musk’s trillion-dollar pay package also received approval from investors<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk doubled down on claims about money becoming obsolete in the future with…\n","protected":false},"author":2,"featured_media":203063,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[345,343,344,350,85,46,12521,6361,114126,114125,2635,125],"class_list":["post-203062","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-elon-musk","tag-il","tag-israel","tag-president-donald-trump","tag-robotics","tag-scarcity","tag-scott-adams","tag-scott-bessent","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/203062","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=203062"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/203062\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/203063"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=203062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=203062"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=203062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}