Posted on May 3, 2006
Filed Under Uncategorized |
Will the earnings from $2,000 gold slosh around, creating monetary chaos? How will the gold dollars be invested and will it balance the capital drain caused by golds rise?
Should royalties for gold mining on BLM land be raised? We could establish a permanent fund similar to the Alaskan oil fund that could pay citizens a yearly dividend. This would keep the economy on an even keel. Alternatively we could use the revenues to reduce wage taxtion on a revenue neutral basis.
As a sub-question what are the limitations that we will put on refining low quality ore as gold becomes more valuable?