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On Thursday October 29 Elon Musk posted on X that 'saving money for the distant future is pointless with the advent of super intelligent abundance', replying to a user who said their questionable financial decisions wouldn't matter in a few years. The same day, Amazon reported $77.3 billion of quarterly capital spending and a second straight quarter of negative free cash flow, and Alphabet had its worst trading day since its 2004 IPO after being punished for burning cash. The abundance is being paid for now, in cash, by the builders, and a listener who takes the advice is betting their retirement on the timeline of the people sending the bill.
