retirement.
From RawStory:
Treasury Secretary Scott Bessent told Fox News host Sean Hannity on Monday night that he agrees with Elon Musk's prediction that artificial intelligence will produce so much abundance that Americans won't need to save for retirement.
The exchange, flagged online by journalist Aaron Rupar, came when Hannity asked Bessent whether he believed Musk's claim that AI-driven wealth would make traditional retirement savings unnecessary.
"I do, but I think I would change the timeline," Bessent said. "I've seen Elon speak for a long time and he is — look, his record speaks for itself in terms, as an inventor, as a venture capitalist, as a great American. He's normally early. He's just so far ahead of the curve. He sees things that no one else sees. But I do think we are building this incredible economy that we can't even imagine."
...
Musk laid out the underlying vision earlier this year on the Moonshots with Peter Diamandis podcast, calling AI and robotics a "supersonic tsunami" that would bring about a world of zero scarcity.
"Don't worry about squirreling money away for retirement in 10 or 20 years," Musk, the world's richest man, told Diamandis. "It won't matter."