Employer's gold, silver payroll standard may bring hard time

[sn1p3r]

Re: Employer's gold, silver payroll standard may bring hard time

This has "make an example" written all over it...at our expense. I guess they will bankrupt him in the courts so he loses either way and then STILL will end up owing the taxes. Sometimes they have to remind us that we are still slaves even though the illusion of freedom can feel soooo real.

[cobben]

Re: Employer's gold, silver payroll standard may bring hard time

"i do worry about the ways the gov't closes this loophole"

From one point of view, this is the classical problem of Gresham's law and two or more forms of currency with different intrinsic value circulating at the same time.

Now TPTB had probably not intended that the modern gold bullion coins would actually be used as legal tender, giving them legal tender status was likely just intended as a marketing gimmic.

Closing this loophole, if it really is one, should require concerted efforts & cooperation of several parts of guvm'nt.

There is potentially a similar situation in most countries, anywhere they ether mint legal tender collectors coins or where historical legal tender gold or silver coins still have that status. Sweden for example has both I beleve, though I have never though to to check the status of the historical gold coins..

[BigBagel]

Re: Employer's gold, silver payroll standard may bring hard time

They could prosecute them under the minimum wage laws. 50$ a week does not cut it.