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Post by Sir Alexandreu Davinescu on Jul 3, 2007 15:01:05 GMT -6
As a Senator and a Minister, I am pleased you have decided to take the initiative and go ahead with this. It is bold and to be commended. I do wish, however, that your text was not always so bold and yellow.
Most of your proposals, however, will need legislation, and some are not going to occur. No bill which grants you the personal possession of the coins de jure (regardless of the obvious de facto reality) will pass. As President of the Royal Bank, you are holding them in trust, but they would be Talossan property until they are exchanged. The Ziu would never approve otherwise, especially not with the caveat that you could dispose of them how you chose.
I will be happy to work with you to write a bill on your other proposals, however. Setting a numerical standard is a distinct possibility, and while I am afraid I will not sponsor it, I will happily help you draft it.
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Sir X. Pol Briga
Talossan since 11-10-2005
Knight since 12-26-2009
59 is an important number - keep it prime in the thoughts of Talossa
Posts: 1,227
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Post by Sir X. Pol Briga on Jul 3, 2007 16:44:12 GMT -6
on the points of production:
I think that S:reu Weckstom has committed 100 euros to this, and I will likewise commit 100 euros (which I hope could be sent by PayPal or some simlar means).
on the points of procedure:
I agree that there would be a design to be voted upon, and I'm sure that will take a bit more than the 30 days that are on the existing quotation, so at the point that the design is finalized, other quotations could be made.
XPB
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Post by Deleted on Jul 3, 2007 18:26:55 GMT -6
Were S:reu Weckstrom to have to purchase the coins at his own personal expense (which I find unlikely, as S:reu Briga has offered an additional 100 Euro and I would pitch in an undetermined sum as well), then I would think it would simply be a matter of the Kingdom or the Royal Bank itself purchasing the coins from S:reu Weckstrom for distribution.
If he goes out of pocket, the coins he purchases are his until we figure out how exactly these become community property. I propose the following completely radical idea:
What if we institute a tax? A one time tax of $(X) per citizen carrying no penalty for failure to pay. Essentially, it's a way for us to legislate a donation. When the money is gathered, the coins will be purchased and held by the Royal Bank. Any citizen can then purchase coins from the Royal Bank.
I propose this for one simple reason. If Tony kicks in 100 Euro and wants 100 Euro worth of coins in return, and I kick in 100 Euro and want 100 Euro worth of coins in return, then won't we end up with about 6 people holding all of the currency? That doesn't really help the bank that much. Now, if we all pay this "tax" and the money is simply pooled and the coins are all purchased in one big lump, they belong to the Kingdom and I or any other citizen may opt to exchange my American Dollars for our new coins.
Just a thought. However, shouldn't this whole discussion be in the Hopper?
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Post by Ian Pair Danois on Jul 10, 2007 18:20:34 GMT -6
Well from my point of view the main problem is this, we don't (at least yet and as far as i know) have enough funds to make this producing of our own money to happen any faster than what it is doing now. This voluntery tax idea could be worth of considering, but the big question is that how we could do that in practice on a "fast-enough" timescheme... I am not able to donate much money on this project at this point, mainly because of the reason that I am a senior high student and my income is very limited, but however I've decided that when we get this coin project really going I am willing to donate 25 to 50 euros to this project, the sum depends completely from my financial situation, so it could be even more, if we're lucky  |
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