[usatramadolusa]

Your facts are right, but it's still no different than what the city if proposing. Other than the time period of employee ownership of the coins, it's exactly the same. So if you pay your employees in silver and they immediately sell that silver for FRNs, that's tax fraud, but if you pay your employees in silver and they wait, how long, 8 hours, 24 hours, before they sell the silver for FRNs, that's simply tax avoidance and is ok?

I think the real difference is who does the "cashing out" if the business that paid you in the gold/silver redeems them for cash then I see there being a tax avoidance issue. If the employee is free to take them and "cash out" in the private market then I see it as fair compensation. That way the business doesn't have a vested interest in the employee immediately converting to cash with them. Obviously what the man in NV did was tax avoidance (Do not confuse this as me being against avoiding taxes if possible) - The employees never saw the GAEs!

In my opinion it all boils down to how/who-to the coins are redeemed for cash. Im no lawyer though...