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For some reason sovcit can't find the legislation for this fanciful idea. (lemmy.world)

submitted 9 months ago by [email protected] to c/[email protected]

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[–] [email protected] 12 points 9 months ago (1 children)

I love how these dumbasses always think they found some magical loophole to cheat the system. Would you want your wages to be paid by a "promise note"? No? That's why it's not a real, legal thing.

[–] [email protected] 5 points 9 months ago (1 children)

Thing is, the entire monetary system is kind of a promise note, just a rather reliable and legally enforceable one.

Even something like a payment plan is essentially a promise note, credit cards too.

[–] [email protected] 3 points 9 months ago

Yeah, but like you said all those things are backed and based on the US dollar. Company scrips have been illegal for decades. This guys idea of a promise note seems more like an IOU scribbled on a napkin.