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Treasury Secretary parrots Elon Musk's claim that Americans won't need to save for retirement because of AI's abundanceSource Fox News

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00:00A terrible question at you.
00:02Elon Musk gave an interview, I believe, to The Economist,
00:04and he said that in five to six years,
00:07we will have, you know, more than a...
00:11We'll have five times the size of the economy we have now.
00:15And he talked about abundance.
00:17And he talked about every American having every need.
00:20And there won't be even a need to save, you know,
00:23for your retirement like we have historically
00:26because of this, quote, abundance that he believes AI will create.
00:29Do you believe that?
00:30I do, but I think I would change the timeline.
00:35I've seen Elon speak for a long time.
00:39And he is...
00:40Look, his record speaks for itself,
00:42both in terms as an inventor, as a venture capitalist,
00:46as a great American.
00:48But he's normally early.
00:50He's just so far ahead of the curve.
00:52He sees things that no one else sees.
00:54But I do think we are building this incredible economy
00:58that we can't even imagine.
00:59You know, Sean, 25% of the jobs that exist today
01:03did not exist in 2000.
01:04That's an amazing thing.
01:07So...
01:07So...
01:08So...
01:08Because there's not...
01:09So...
01:09I think...
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