"It is certainly a nice gesture," Musk said. "But there will be no poverty in the future and so no need to save money."

Hundreds of thousands of Connecticut children will receive extra money in their new Trump administration investment accounts, thanks to Dalio Philanthropies.

The early 1970s were a turbulent time in America — marked by soaring inflation, an oil crisis and a sharp drop in stock prices that left investors scrambling for safe havens. And, according to billionaire investor Ray Dalio,

Ray and Barbara Dalio through Dalio Philanthropies announced today that they are joining the Dell family in seeding the new Trump Administration investment accounts with an additional $250 per child for approximately 300,000 children in Connecticut.