Billionaire Ray Dalio Pledges Donations for Connecticut Children

According to ChainCatcher, billionaire and Bridgewater Associates founder Ray Dalio announced plans to match donations of $250 per child for children in Connecticut. This follows a similar initiative by Michael Dell and his wife, who donated $250 per child under the age of 10 through the 'Trump Accounts' initiative. Elon Musk responded to this gesture, acknowledging it as a kind act by the Dell family. However, he expressed his belief that poverty will be eradicated in the future, eliminating the need for savings. Musk has previously advocated for universal high income, asserting that advancements in artificial intelligence and robotics will eventually make human labor unnecessary. The Trump Accounts were introduced by U.S. President Donald Trump in 2025 as part of the 'Working Families Tax Cuts' legislation. This initiative aims to provide American children with long-term savings and investment opportunities to help them build wealth.