South Carolina going back on the gold standard

Economics Economics Questions
15

Fri. 10/02/19 11:27 EST
.post #3

Here’s a link to the bill:
http://www.scstatehouse.gov/sess118_2009-2010/bills/4501.htm

…SO AS TO PROVIDE THAT SILVER AND GOLD COIN SHALL BE LEGAL TENDER…<

On and after the effective date of this article, this State shall not recognize, employ, or compel any person or entity to recognize or employ anything other than silver and gold coin as a legal tender in payment of any debt arising out of:

(1) taxation by the State,…<

I have two objections to this bill.

  1. It imposes legal tender status…but legal tender laws should be abolished.

  2. It requires that taxes be paid in silver and gold coin. Feh! Let them eat paper, I say.