The Trillion Dollar Coin questions
I keep thinking about the proposed $1 Trillion platinum coin.
If it were lost through government employee stupidity or negligence and I found it, would it be honored for $1 Trillion? Would I then be a trillionaire? (Leaving aside the fact that the criminals of The State would claim it was theirs, no matter how negligent they were.)
If it were stolen, could it be spent anywhere?
If the answers to these two questions are "no", then it is not a real trillion dollar coin, but a counterfeit.
.
If it were lost through government employee stupidity or negligence and I found it, would it be honored for $1 Trillion? Would I then be a trillionaire? (Leaving aside the fact that the criminals of The State would claim it was theirs, no matter how negligent they were.)
If it were stolen, could it be spent anywhere?
If the answers to these two questions are "no", then it is not a real trillion dollar coin, but a counterfeit.
.
Labels: Crime, Demopublicans, economy, government, Property Rights, responsibility, taxation
posted by Kent McManigal | 6:30 AM |
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2 Comments:
Reminds me of the 100 million then, later, the 1 trillion dollar Zimbabwe banknotes. Could we be headed in that direction? And you're right Kent, if it--the 1 trillion dollar platinum coin--can't be spend or redeemed, then it's a counterfeit and a fraud. But then, that pretty much describes our federal government, doesn't it?
A while back you posted some hair-brained idea about awarding every American 3 million dollars.
I think that made more sense than the trillion dollar coin.
Or not.
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