Unless government takes in too much. If they tax 100% of our income then we are not fine.

“Even if they “spend” that money by handing it off to welfare recipients.”

The welfare recipients do not produce, so they are merely a drag on the economy. They spend the money that the rest of us would have spent, and if they had earned their money, then we all would have more goods and services to spend our money on, and less would be spent outside the nation to make up for their lack of productivity.

“Money represents the value of labor.”

This is where most people lose their way. They mistake the map for the territory. The representation is not the reality. When money goes to people on welfare who are using this safety net as a hammock, then the money represents Other People’s Labor. People who could otherwise be productive instead drain us of our prosperity. If Welfare recipients had instead earned the money that they receive from the government then there would have been two dollars spent for every one welfare dollar spent and there would have been more domestic goods and services to spend them on, maybe even enough to spare for foreign customers, giving us a national net income from our labor. In addition, taxes would be lower and overall happiness would be higher. In addition, those who are on welfare — poor by definition — would have their own money and more of it; they would be richer as well as more prosperous along with the rest of us. Meaning less envy of the middle class or of the rich.

It is not “sort of,” it is exact. If you don’t produce goods and services, you don’t have an economy.

As long as the government does not issue more money than it needs to represent the labor being done. Money represents the value of labor.
As long as the government only spends as much as it takes in in taxes we are fine. Even if they “spend” that money by handing it off to welfare recipients.

What harms the churn is when money is spent outside the nation and doesn’t come back to buy our goods.

Or if the nation taxes to high and spends the money wrongly trying to turn the economy into directions it does not naturally go. Like green power solutions.

Incorrect. We could sit here all day passing hundred dollar bills back and forth but would not add to the economy. It is the production and sale of goods and services that makes a strong economy. Only those who are involved in that production or those transactions are adding to the economy. Those who only make purchases participate, but they do not produce anything that adds to the economy, so those who spend money granted to them by the government, for example, are draining resources without adding them back.

A hundred years ago, some people did understand how it works. Henry Ford was one of them. He, and others, realized that they needed to pay their employees as much as they could so that their own employees could afford to buy the products that they made. Finding that balance was not easy, but it ultimately worked.

Oh they think its to free mankind up for more thinking jobs and to be more creative.
How many trust fund children have impacted mankind, or at least made contributions to humanity?

Do more welfare families create more crewel families or do they create more collage graduates?
More robots doing all the physical work will only make more welfare families. thus making more people more dependent on government handouts.

He who controls the means of production controls the people.

No one will ever control my physical means of production.

Elon Musk’s Last Warning on Artificial Intelligence: “I Tried To Warn You”
https://www.disclose.tv/t/elon-musks-last-warning-on-artificial-intelligence-i-tried-to-warn-you/43129

But it is a thoughtful piece. At 2:22 he says “The danger is going to be more humans using it (AI) against each other”. And he spends time ruminating about how man will derive purpose when he no longer needs to work because machines can produce everything much faster.

I used to listen to Michael Medved on AM radio back before he went Trump Derangement Syndrome and he points out how throughout history when technology causes an occupation to become obsolete the technology opens up whole new job possibilities.

In that 3 part interview Elon did a few weeks ago at SpaceX Boca Chica at the very end the interviewer asked Elon if he had anything to add. Almost in a panicked fear that was relentlessly driving him Elon talked about humanity’s need to be an interplanetary species for survival. I wondered what he was afraid of, it looks like it’s AI.

Personally I’ll start worrying about a machine apocalypse the day the vending machine at work starts consistently dropping a bag of Doritos when I put my money in.

Reliable reporting will be a big challenge, but I’m sure that Facebook, Google and Twitter will make sure that we have news that has been approved for public consumption.

“Students and alumni of the American University of Afghanistan (AUAF) in Kabul were left terrified after being told the U.S. had given their names to the Taliban, according to a report by The New York Times.”
“Hundreds of current and former students, their relatives and staff had gathered at a safe house on Sunday before boarding buses to Kabul’s Hamid Karzai International Airport”

“But they were told after seven hours of waiting for clearance that the airport gates were a security threat”
“The email told the group of 600 or so students and relatives to return to their homes.”
https://www.newsweek.com/terrified-american-university-students-kabul-told-us-gave-names-taliban-1624158

Unconfirmed what happened, the buses never made it home.

Ps. This is one website where I shouldn’t have to explain what a telephone book is…. er, was!

COVID delays is what I read, an official NASA statement.

If only for the barge naming, you have to love SpaceX.