DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Utah House stamps gold, silver as legal tender

**stoneeZef** · 04-07-2011, 08:36 PM

And the money shot is the last paragraph (and why the federal goobermint will never allow it)

"Rep. Steve Eliason, R-Sandy, a certified public accountant, opposed the bill, saying it could create tax loopholes. He said people seeking to escape capital-gains taxes on other assets — such as gold bullion — might be able to do so by selling it for coins under the bill."

Great idea - zero chance of implementation.

The Feds need both the devaluation of the dollar and the higher tax rates that result to make things work.

04-07-2011, 08:36 PM	#2
stoneeZef Join Date Oct 2005 Posts 478 Senior Member	And the money shot is the last paragraph (and why the federal goobermint will never allow it) "Rep. Steve Eliason, R-Sandy, a certified public accountant, opposed the bill, saying it could create tax loopholes. He said people seeking to escape capital-gains taxes on other assets — such as gold bullion — might be able to do so by selling it for coins under the bill." Great idea - zero chance of implementation. The Feds need both the devaluation of the dollar and the higher tax rates that result to make things work.
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