Article – Lawmaker asks to be paid in gold

And in local news……

A Montana state lawmaker is asking that he be paid in gold coins because of his lack of faith in the U.S. dollar amid a rising deficit.

Jerry O’Neil, a Republican just reelected in his northern Montana district, says his constituents told him he was not honoring his duty to uphold the U.S. Constitution, which O’Neil and Gold Standard supporters say requires the government to print money backed by gold

Well, if nothing else, at least it’s an indication that he may have actually read the Constitution which put’s him a few steps ahead of some other folks.

 

One thought on “Article – Lawmaker asks to be paid in gold

  1. I read once about an employer who paid the employees of his small business in American Gold Eagles 1oz. rounds. It was a pretty smart idea, or at least he thought so. The face value of those coins is $1, so even his employees who were making good salaries had next to no income reported on their W-2’s (he reported the face value, rather than the “market value” of the AGEs). Result: zero income tax liability for his employees.

    Of course, the IRS was not amused, and the practice was discontinued after a very short time. Fun while it lasted, I’m sure…

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