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Elon Musk: “Goods and services will become close to free.”

Featuring: Elon Musk, Senior Advisor to the President, Head of Department of Government Efficiency | National

ELON MUSK JOINS VERDICT - PART 1 Verdict Ep. 214

Published March 17, 2025 | Video Starts at 22:18

And what do people do if you've got millions of people that are losing their jobs like that? A lot of people are understandably freaked out about that. Well, Goods and services will become close to free. So it's not as though people will be wanting in terms of goods and services. So why is that? Why are goods and services free in an AI world or close to free? (22:18–22:23)

CLAIM

Claims that goods and services will become nearly free due to AI advancements.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Elon Musk

“There are far too many software licenses and media subscriptions [in every government department] than there are humans in the department.”
ELON MUSK JOINS VERDICT - PART 1 Verdict Ep. 214 | Uploaded March 17, 2025 | 02:25-02:36
“The government was paying for thousands of licenses of software or media subscriptions, and no one had ever logged in even once.”
ELON MUSK JOINS VERDICT - PART 1 Verdict Ep. 214 | Uploaded March 17, 2025 | 03:00-03:08
“We found that there are twice as many credit cards as there are humans [in government departments].”
ELON MUSK JOINS VERDICT - PART 1 Verdict Ep. 214 | Uploaded March 17, 2025 | 03:11-03:15
“In my opinion, it's like 80% waste, 20% fraud [in government expenditures].”
ELON MUSK JOINS VERDICT - PART 1 Verdict Ep. 214 | Uploaded March 17, 2025 | 03:36-03:41
“The $1.9 billion given to Stacey Abrams [was for] a fake NGO.”
ELON MUSK JOINS VERDICT - PART 1 Verdict Ep. 214 | Uploaded March 17, 2025 | 04:25-04:29
“The government can give money to a so-called non-profit with very few controls and there's no auditing subsequently of that nonprofit.”
ELON MUSK JOINS VERDICT - PART 1 Verdict Ep. 214 | Uploaded March 17, 2025 | 05:00-05:20
“We found now 14 Magic Money computers.”
ELON MUSK JOINS VERDICT - PART 1 Verdict Ep. 214 | Uploaded March 17, 2025 | 06:52-06:56
“The government is run by computers. So you've got essentially several hundred computers that effectively run the government.”
ELON MUSK JOINS VERDICT - PART 1 Verdict Ep. 214 | Uploaded March 17, 2025 | 07:57-08:06
“In order for money to go to a bank account, it's not like we're sending truckloads of cash all over the place. It's a. We're wiring money…”
ELON MUSK JOINS VERDICT - PART 1 Verdict Ep. 214 | Uploaded March 17, 2025 | 09:35-09:47
“If it was a poly company, it would be delisted immediately, it would fail its ordered, and the officers of the company would be imprisoned…”
ELON MUSK JOINS VERDICT - PART 1 Verdict Ep. 214 | Uploaded March 17, 2025 | 10:14-10:25
“It's 80% incompetence or. And 20% malice.”
ELON MUSK JOINS VERDICT - PART 1 Verdict Ep. 214 | Uploaded March 17, 2025 | 10:30-10:35
“I'm reasonably confident that we'll be able to get a trillion dollars of waste and fraud out, and that meaning that it will have. We'll have…”
ELON MUSK JOINS VERDICT - PART 1 Verdict Ep. 214 | Uploaded March 17, 2025 | 11:11-11:34
“The fraud we're seeing is overwhelmingly on the left. I mean, it's not zero on the right, but these NGOs are almost all left wing NGOs that…”
ELON MUSK JOINS VERDICT - PART 1 Verdict Ep. 214 | Uploaded March 17, 2025 | 13:06-13:18
“The single biggest thing that they're worried about is that Doge is going to turn off fraudulent payments of entitlements. I mean…”
ELON MUSK JOINS VERDICT - PART 1 Verdict Ep. 214 | Uploaded March 17, 2025 | 13:33-13:56
“By using entitlements fraud, the Democrats have been able to attract and retain vast numbers of illegal immigrants.”
ELON MUSK JOINS VERDICT - PART 1 Verdict Ep. 214 | Uploaded March 17, 2025 | 14:17-14:27
“Bring in, I don't know, 10, 20 million people who are beholden to the Democrats for government handouts and will vote overwhelmingly…”
ELON MUSK JOINS VERDICT - PART 1 Verdict Ep. 214 | Uploaded March 17, 2025 | 14:32-14:45
“If the Dems can bring in 200,000 illegals and over time get them legalized, not counting any cheating that takes place.”
ELON MUSK JOINS VERDICT - PART 1 Verdict Ep. 214 | Uploaded March 17, 2025 | 14:55-15:04
“Every other auto plant in the country was allowed to open, but ours, which was in California, was not allowed to open.”
ELON MUSK JOINS VERDICT - PART 1 Verdict Ep. 214 | Uploaded March 17, 2025 | 16:15-16:22
“Yes, at least some of it is organized and paid for, I think by domestic.”
ELON MUSK JOINS VERDICT - PART 1 Verdict Ep. 214 | Uploaded March 17, 2025 | 17:49-17:55
“Left wing organizations in America funded by left wing billionaires, essentially.”
ELON MUSK JOINS VERDICT - PART 1 Verdict Ep. 214 | Uploaded March 17, 2025 | 17:59-18:07
“Act Blue is one of them. You know, Arabella, you know, the classic. It's funded by the, you know, the, the blue. Basically the left wing NGO…”
ELON MUSK JOINS VERDICT - PART 1 Verdict Ep. 214 | Uploaded March 17, 2025 | 18:08-18:23
“In 10 years, probably AI could do anything better than a human can cognitively, probably almost.”
ELON MUSK JOINS VERDICT - PART 1 Verdict Ep. 214 | Uploaded March 17, 2025 | 20:41-20:50
“All cars will be self driving in 10 years.”
ELON MUSK JOINS VERDICT - PART 1 Verdict Ep. 214 | Uploaded March 17, 2025 | 21:40-21:46
“In 10 years, probably 90% of miles driven will be autonomous.”
ELON MUSK JOINS VERDICT - PART 1 Verdict Ep. 214 | Uploaded March 17, 2025 | 21:46-21:53
“In five years, probably 50% of all miles driven will be autonomous.”
ELON MUSK JOINS VERDICT - PART 1 Verdict Ep. 214 | Uploaded March 17, 2025 | 21:56-22:02
“Currently, 100% of advanced AI chips are made in Taiwan.”
ELON MUSK JOINS VERDICT - PART 1 Verdict Ep. 214 | Uploaded March 17, 2025 | 25:04-25:09
“I think it's essential for national security. And we're not doing enough.”
ELON MUSK JOINS VERDICT - PART 1 Verdict Ep. 214 | Uploaded March 17, 2025 | 25:12-25:17
“The Biden White House did not want to have someone who was pro Trump rescuing astronauts right before the election.”
ELON MUSK JOINS VERDICT - PART 1 Verdict Ep. 214 | Uploaded March 17, 2025 | 30:26-30:35
“It's essential for the future of civilization. Otherwise I wouldn't be doing it.”
ELON MUSK JOINS VERDICT - PART 1 Verdict Ep. 214 | Uploaded March 17, 2025 | 31:20-31:24