You know what’s dumb? Levying taxes on the exchange on money.
You know what’s dumb? Taxing money. Like what states and the feds do to gold and silver – treating it as an investment rather than what it really is, money. @mmaharrey10th pic.twitter.com/UilcYA52Av
— TenthAmendmentCenter (@TenthAmendment) August 16, 2020
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States can encourage currency competition and take a step toward undermining the Federal Reserve’s monopoly on money by repealing taxes on gold and silver. Buying gold and silver is simply the exchange of fiat money for real money. As Ron Paul once said, “We ought not tax money.”
For Further Reading
Status Report: Sound Money in the States
How the Fed Wrecks the Economy
With “Heroes” Like This, Who Needs Villains?
Status Report: End the Fed from the Bottom Up
The Tenth Amendment Center works to preserve and protect Tenth Amendment freedoms through information and education. The center serves as a forum for the study and exploration of state and individual sovereignty issues, focusing primarily on the decentralization of federal government power. Visit https://tenthamendmentcenter.com/