Berkeley CSUA MOTD:Entry 17120
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2025/07/09 [General] UID:1000 Activity:popular
7/9     

1999/12/29-2000/1/1 [Reference/Tax, Politics/Domestic/California] UID:17120 Activity:moderate
12/29   Does anyone remember the name of the city (located in Northern
        California) where they use their own printed money? And the name
        of their currency? I think it is called something like EcoDollar
        or EcoMoney or something like that.
        \_ Don't the Feds get really angry when people do that?
           \_ Depends on how they do it.  A system of IOU's and promisary
              notes isn't illegal.
              \_ you have to pay taxes on them though right?
                \_ No idea.  I'm guessing no.
                 \_ umm, I tihnk the government would crush them then
                   \_ Depends.  If it's just IOU's there's no income.  This is
                      all assuming the original post wasn't a troll anyway.
                     \_ then why don't all corperations use legally binding
                        IOUs intead of currency?   I bet it is taxable.
                        \_ If it's just IOU's what's the point?  Everyone
                           just runs up massive debts until the whole town
                           is bankrupt?  At some point the IOU's have to be
                           paid off, either with cash or in exchange for
                           something else, both of which are taxable.  The
                           IRS will go after people who use non-cash barter
                           to try and avoid taxes.
                           \_ In exchange for other IOU's, items, or services.
                              Yes, there was an economy before the IRS and
                              before cash.
2025/07/09 [General] UID:1000 Activity:popular
7/9     

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