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March 15, 2010 in Idaho
Athol lawmaker pushing for taxes being paid in silver
BOISE — Idaho lawmakers are backing a plan that would allow state tax bills to be paid down with silver medallions instead of cash.
Athol Republican Rep. Phil Hart’s bill approved Monday is intended to encourage the use of silver as a form of currency and reinvigorate Idaho’s silver mining industry, which has been in decline for decades.
Hart told the House State Affairs Committee that consumers should rely less on money printed by the federal government because inflation will diminish its value. His bill reignites a long-standing debate about the value of paper money not backed by commodities.
Hart’s measure also includes tax breaks for any company that agrees to process silver ore for the medallions.
Lawmakers in Georgia considered allowing citizens to pay taxes with gold and silver last year.
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oldarmy on March 15 at 1:33 p.m.
This is THE BEST IDEA ANY STATE COULD HAVE! Getting back to hard currency ..just might give each state an edge when our elected officials at the Fed. level realize it is not a “great resession” but rather a “great depression” we are in. Today every man,woman and child in the united states is $42,000.00 in debt and growing daily..DAILY. that is each of our share of the “national debt” TODAY! BEWARE WHEN GOLD REACHES $2,000.00 an ounce. Our economy will be in ruins at this point and US currency worthless.
spokanada on March 15 at 1:37 p.m.
the sky is falling, everyone run for the bunker.
maria on March 15 at 1:51 p.m.
Do they have a bunker in Athol?
spokanada on March 15 at 2:02 p.m.
maybe they just hide in the silver mines for 10 or so years.
bnblair on March 15 at 4:29 p.m.
I think a better idea would be to let them pay their taxes with their tin-foil hats
opeled on March 15 at 9:34 p.m.
hey
step one :1913 federal reserve banks(not federal but a group of 12 private banks) pays the US government for a charter
step two :1933 FDR(great man but a wall streeter) declares it illegal for a US citizen to have gold certificates..
step three: 1938 Fdr signs an agreement which , by giving congress an unlimited line of credit courtesy of the federal reserve, in effect hands control of the money to private banks that make profit from the money system they are controlling
step four: Ike give up the silver standard
why..because the fed now controls inflation /deflation which is an easy way to make large profit..
silver or gold backed dollars are difficult to inflate because you have to inflate the entire global market to change the value…
so I wish the states would all say no to federal reserve notes and let the treasurey department coin moneyinstead of the fed
JVC on March 17 at 11:48 a.m.
Silver coins? Our own currency? What’s next, replace cars with cart and horses. Dodge city, here we come!!!