Georgia Lawmaker wants to require gold, pre 65 silver for tax payments
Frank Provasek
“Constitutional Tender Act,” which would require all transactions with
the state of Georgia — including the payment of taxes — to be paid
with U.S. minted gold or silver coins unless the state agrees to grant
a special waiver for each transaction:
Pre-1965 silver coins, silver eagles, and gold eagles shall be the
exclusive medium which the state shall use to make any payments
whatsoever to any person or entity, whether private or governmental.
Such coins shall be the exclusive medium which the state shall accept
from any person or entity as payment of any obligation to the state
including, without limitation, the payment of taxes; provided,
however, that such coins and other forms of currency may be used in
all other transactions within the state upon mutual consent of the
parties of any such transaction.
B.J.
> Georgia state Rep. Bobby Franklin (Republican) has introduced the
> “Constitutional Tender Act,” which would require all transactions with
> the state of Georgia — including the payment of taxes — to be paid
> with U.S. minted gold or silver coins unless the state agrees to grant
> a special waiver for each transaction:
I think that's a great idea, as long as they pay all their obligations
in the same manner. The federal government would send various grant in
federal reserve notes, Georgia would pay salaries in silver coins, and
Georgia would be bankrupt fairly quickly.
oly
Assuming that Georgia is a fairly typical state government, the
legislature could indeed promise to PAY "everybody" in silver, and
then allow the bills to mount up to a level or two or three years in
arrears.
Here in Illinois, they pay the employee's salaries pretty close to "as
scheduled" and as for the rest, let the devil take the hindmost (nine
months is quick pay, sixteen months is mormal - right now).
oly
Jerry Dennis
Nice idea, but it won't fly. Your FBI-RDs all say "This note is legal
tender for all debts, public and private."
It does make me wonder, though. If I paid a Silver Eagle, do I get
credited for the face value, the melt value or the numismatic value?
Jerry
Nosy minds want to know.
Beanie
news:83697388-8aae-456a...@o18g2000prh.googlegroups.com...
>It does make me wonder, though. If I paid a Silver Eagle, do I get credited
>for the face value, the melt value or the numismatic value?
ASEs are legal tender for one buck.
SHould you decide to spend them, I'll take all you have for a dollar each! :-)
oly
>
> - Show quoted text -
Egypt today; the Federal Reserve System tomorrow.
oly
Four Corners Tea Party
You might want to read the bill, which would answer your question. All
obligations TO or FROM the State must be paid in gold or silver coin,
just like Article I, Section 10 of the U.S. Constitution requires.
Georgia's money in the bank would continue to hold its values, while
Federal Reserve Notes would continue to lose theirs, so the bankruptcy
would certainly not come on Georgia's part.
Four Corners Tea Party
You might want to read the bill, which would answer your question.
Gold and silver coins would be worth their melt + premium value (which
calculation is specified in the bill), not their face value.
And legal tender laws only apply where they are constitutionally
valid. Article I, Section 10 of the U.S. Constitution makes it very
clear that they are not valid for any transaction with the State.
Four Corners Tea Party
> "Jerry Dennis" <JDen1...@aol.com> wrote in message
They are legal tender for $1.00, but federal legal tender laws don't
apply to transactions with the State (under Article I, Section 10), so
the law's provision that face value is irrelevant would hold true.
B.J.
>
> You might want to read the bill, which would answer your question. All
> obligations TO or FROM the State must be paid in gold or silver coin,
> just like Article I, Section 10 of the U.S. Constitution requires.
> Georgia's money in the bank would continue to hold its values, while
> Federal Reserve Notes would continue to lose theirs, so the bankruptcy
> would certainly not come on Georgia's part.
Yes, but Georgia can either accept payments from the US Government in
the form the US government wants to give it to them, or not take the
money. The US Government is not obligated to may payments in the form
that Georgia wants, only in the form that the budget legislation
offers it.
Any money passing from the Federal Government through Georgia to
anyone else will cost Georgia highly.
Frank Provasek
lawmaker wants to get rid of drivers licenses...
"Free people have a common law and constitutional right to travel on
the roads and highways that are provided by their government for that
purpose. Licensing of drivers cannot be required of free people,
because taking on the restrictions of a license requires the surrender
of an inalienable right."