Re: Specific Questions

[Jeff Williams <jwkckid1@ix.netcom.com>]

Perry,

  I think you missunderstood Karl here.  I think what he is getting at
is that the $7m could be used for the expenses of setting up this 
regiatry porcess and other additional expenses.

Regards,


Perry E. Metzger wrote:
> 
> Karl Denninger writes:
> > > Simon Higgs writes:
> > > > Would someone like to explain why applications for administration of a
> > > > public trust are $20,000 (est.) when there is $7 million sitting on
> > > > deposit to cover internet infrastructure and organizational costs?
> > >
> > > In other words, money that can be used for non-profit purposes should
> > > be spent to subsidize for-profit companies expenses in entering into a
> > > for-profit business?
> >
> > Excuse me, but the for-profit companies don't HAVE that expense.
> >
> > The IAHC has them -- or it wouldn't need to recover them through a TAX,
> > would it?
> [...]
> > Is this the activity of a public trustee or not?
> 
> Many if not most similar organizations charge fees to recover costs of
> their operation. Everything from drivers licenses to airport terminal
> space to museum memberships come with fees to recover expenses. Tell
> me -- is the Museum of Modern Art "taxing" its members? You will
> doubtless argue that no one need join the museum -- but no one need
> become a registry, either.
> 
> > If its not, then please let us know so that we can properly label
> > the IAHC as a for-profit entity which is NOT acting as a public
> > trustee.
> 
> "For profit" would imply that rather than spending the money for
> expenses, it was being distributed to the members of the committee for
> their personal use. Do you have evidence that this is our intent?
> 
> Perry
> Speaking for myself, and not for the IAHC

-- 
Jeffrey A. Williams
DIR. Internet Network Eng/SR. Java Development Eng.
Information Eng. Group. 
Phone :972-447-1878
E-Mail jwkckid1@ix.netcom.com