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Bessent says Americans won't need retirement savings: 'Elon's so far ahead of the curve’
The Rich Don’t Need Retirement, So They’re Redefining ItThe Useful FantasyScott Bessent, the Treasury secretary, went on Fox News and endorsed Elon Musk’s theory that AI will generate so much abundance that ordinary Americans won’t need to save for retirement. That is the whole move: a billionaire’s speculative future gets treated like fiscal analysis, while actual retirement security is left to rot in the present.Musk says AI and robotics will make scarcity disappear. Bessent, whose job is supposed to involve the real economy, nodded along and praised Musk as if wealth concentration were a…
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