Riches for All

It is certainly a nice gesture of the Dells, but there will be no poverty in the future and so no need to save money. 

There will be universal high income.
Elon Musk

A bit of proof (if any were needed) that having a high net worth doesn't mean that someone understands how money works. Because the United States already has universal high income... it's all a matter of when one sets the baseline; even poor people can have pretty significant incomes by the standards of 1825, 1925 or even 1975.

But poverty isn't simply about one's access to money.

Whether Elon Musk is sincerely being utopian to the point of inanity is left as an exercise for the reader, but it's worth pointing out that he's not the only person who appears to have difficulty understanding how money operates in practice; I've come to the conclusion that the biggest obstacle that many people have to understanding Economics is a general inability to understand the role of money in the big picture. Part of this is simply that people just don't think about it all that often... it's not something that comes up regularly enough that most people really need to understand it. But I also think that the way money is dealt with in both news and entertainment media is also at work; mainly, I would guess, because it's easier to explain things in terms of dollars and cents.