Elon Musk Says Future Will Have ‘No Poverty’ as Debate Over Wealth and Tech Grows

Elon Musk said the world will see “no poverty” in the future. He shared this view after reacting to a post about a new savings plan for children. The comments were made on X and spread fast online. The idea of a “universal high income” was his main point.

His post drew attention because of the timing. Many countries are debating how tech will shape work and wealth. According to AP News and Reuters, Musk has shared similar views before at global tech events.

Elon Musk on Universal High Income and Why It Matters

Musk replied to a message from investor Ray Dalio. Dalio praised a plan that supports savings accounts for children in the United States. Musk said the idea was good but claimed it may not be needed in the future. He said poverty will end due to advances in technology.

The message sparked wide reaction on social media. Many users asked how this future system would work. Some asked why people would still create goods if they did not need money. The short exchange led to a larger debate about automation and the role of AI.

Reports from Reuters say Musk has long expressed concern about the future of work. He has said machines may take most jobs. At a major tech event in Paris, he said people may not need to work if systems can produce goods at low cost. He used the phrase “universal high income” to describe this possible model.

Some experts note that the idea is still unclear. Many point out that high income for all would require a stable economic plan. Others say the shift to AI-led systems could also bring new risks. But Musk has stayed firm in his view that tech will lower the price of goods and reduce poverty.

How the Debate Over Poverty and Technology Is Shaping Public Opinion

The debate has grown as more companies invest in AI. People want to know how jobs will change. They also want to know who controls the new systems. Musk often says tech will help everyone. But some economists say wealth gaps could grow before they shrink.

Public interest in the topic keeps rising. Many see AI as a chance to create new tools. Others fear it could replace many workers. According to AP News, global leaders are still studying how to protect jobs while allowing tech to grow.

The idea of ending poverty is powerful. It brings hope but also questions. The comments from Musk added fuel to a long-running conversation. Many wait to see how governments and companies respond.

The idea of “universal high income” will likely stay in the spotlight. The claim of a future with no poverty raises new questions about the next era of technology. The debate will continue as more people look for clear answers.

Info at your fingertips-

Q1: What did Elon Musk say about ending poverty?

He said the future may have no poverty. He stated that technology could make goods cheap and easy to produce. He also said this could lead to universal high income.

Q2: Why did Musk comment on this topic?

He was reacting to Ray Dalio’s support of a savings plan for children. Musk said such plans may not be needed in the future. He linked this to rapid tech growth.

Q3: Has Musk talked about this before?

Yes, he spoke about it at tech events. According to Reuters, he said AI could remove the need for work. He called it a “benign scenario.”

Q4: How are people reacting?

Some people support his view. Others question how it will work. Many ask who will control the new systems.

Q5: What is universal high income?

It is Musk’s term for a future where all people have high income levels. It differs from universal basic income. He links it to advanced technology.

Trusted Sources: Reuters, AP News