ok, you guys are right, this probably would work. If it didnt, why would i have saved this picture on my computer? When (if ever) i get started on my next go kart, i'm going to try this.
Something to consider if you're trying this:
remember to put the brackets and spindle at a bit of a forward angle, so that when you're driving fast and hit a bump, the wheel can move up quickly and not cause severe rubbing resulting in metal fatigue.
crappy illustration:
that's a bit too much of an extreme angle, but you get the idea