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IPFS News Link • TAXES: State

Idaho lawmakers pushing for taxes being paid in silver

• Daily Paul
he news comes just a month after a South Carolina legislator introduced a bill seeking to ban Federal currency altogether, and replace the upstart greenback with gold or silver coins. A half-dozen other states have considered similar legislation, reports the Tenth Amendment Center. But there's a key difference between the Idaho plan and the bills proposed in other states, most of which fall somewhere on a spectrum ranging from Tea Party rage to Ron Paul goldbug-ism. (The South Carolina bill, for example, claims that "the State is experiencing an economic crisis of severe magnitude caused in large part by the unconstitutional substitution of Federal Reserve Notes for silver and gold coin as legal tender in this State.")

1 Comments in Response to

Comment by Found Zero (11589)
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Hmmm......wait.....sounds more like pork for state silver production than alternative currency.   One reason: there's no plan for spending the silver into the economy to begin with.

If they started paying all government employees with the silver, that would do it. If the state government opens a window for silver payments at market value, that would help. But why would anybody convert FRNs into silver just to hand them to a government?

If government incentivizes people to do just that, well, all we have is an admission that the consumer could be doing themselves a favor by using the (hoped for) dividends of silver investment.

Unless as usual I'm missing something.