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Thread: DL was NOT provided or used as ID

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  1. #11
    Quote Originally Posted by Treefarmer View Post
    OK, I'm tired of babysitting. Do you know of a good babysitter? Can you give me contact info?
    How much does the babysitter charge?
    And what is the connection between a DL, State revenue streams and international treaties exactly?

    Thank you allodial.
    If the Oz Department of Revenue created the baby then might the Oz Director of Revenue be the best babysitter? How might one go about notifying a State of a change in fiduciary relationships? How much should a Parent charge for babysitting its own CHILD?

    Quote Originally Posted by Treefarmer View Post
    And what is the connection between a DL, State revenue streams and international treaties exactly?
    Perhaps a study of the following terms or phrases might help? municipal bonds, revenue streams, factoring, bond anticipation note, assignment of receivables (perhaps see also factoring).

    What if State of Oz sells municipal bonds or the like in anticipation of revenues to be gotten from traffic tickets? What if those bonds are traded internationally? What if you agree to pay the fines when you sign some contract associated with a driver license? So what if JOHN HENRY DOE owes $100 to the State and the State in turn owes the United Kingdom or some investor that is a resident of China? What if Bob owed you $100 dollars and you in turned owed Mike $100? Could Mike step in and collect directly from Bob? (Hint: The IRS probably thinks so!) What if State of Oz signed a treaty to pay a portion of revenues to the Land of Lilliput and you held a State of Oz license and then in turn you wound up owing State of Oz $100 in connection with a traffic ticket?

    Its really not that hard to figure out. The following might be greatly insightful.

    The two basic types of municipal bonds are:

    General obligation bonds. Principal and interest are secured by the full faith and credit of the issuer and usually supported by either the issuer’s unlimited or limited taxing power. In many cases, general obligation bonds are voter-approved.

    Revenue bonds. Principal and interest are secured by revenues derived from tolls, charges or rents from the facility built with the proceeds of the bond issue. Public projects financed by revenue bonds include toll roads, bridges, airports, water and sewage treatment facilities, hospitals and subsidized housing. Many of these bonds are issued by special authorities created for that particular purpose.
    Perhaps it might be very helpful to seriously ponder the following question: Why would a driver license be issued by a "Department of Revenue" rather than a "Department of Transportation"?
    Last edited by allodial; 06-20-11 at 02:20 AM.
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