(Money Metals News Service) The core message of this Money Metals Midweek Memo episode is straightforward. When policymakers ignore incentives, they often create outcomes that run counter to their own goals. Host Mike Maharrey begins with a personal example, explaining that his move from Kentucky to Florida saved his family “thousands of dollars every year” by avoiding state and local income taxes.
That same principle is now playing out in Washington state. Lawmakers repealed a long-standing sales tax exemption on gold and silver, expecting to generate new revenue. Instead, the policy has driven businesses out of the state and disrupted an established industry. The conversation with Sound Money Defense League Director Jp Cortez and bullion dealer Craig Rhyne shows how tax policy shapes behavior in predictable ways.
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