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Elon Musk says there will be ‘no poverty' in the future, implying Ray Dalio's multi-million Trump Account pledge will be essentially redundant [Fortune]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
Trump Accounts are a pilot program pitched in the “One Big, Beautiful Bill Act,” which gives children born between January 1, 2025, and December 31, 2028, a savings account in their name funded with a $1,000 government contribution. The initiative is open to households of any income; the children must be U.S. citizens. The total of Dalio's contribution is not confirmed, but some simple math puts the likely figure north of $70 million. The funds will initially be targeted at children living in the zip codes of Connecticut where the median income is less than $150,000, the pair said in a statement. Recommended Video Dalio is following the lead of tech billionaire Michael Dell and his wife, Susan, after the couple pledged $6.25 billion toward Trump Accounts weeks ago. Dalio, 76, said that compounding savings accounts offer young people “early insights into financial literacy and a path towards financial independence.” While Dalio said investments into human capital, as he descri
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