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Thread: Arizona House Committee Passes Bill To Support Sound Money

  1. #1

    Arizona House Committee Passes Bill To Support Sound Money

    Arizona House Committee Passes Bill To Support Sound Money

    An Arizona bill that would eliminate state capital gains taxes on gold and silver specie,
    and encourage its use as currency, passed an important House committee today.
    Final approval of the legislation would help undermine the Federal Reserve’s monopoly on money.

    Rep. Mark Finchem (R-Tucson) introduced House Bill 2014 (HB2014) on Jan. 9.
    The legislation would eliminate state capital gains taxes
    on income “derived from the exchange of one kind of legal tender for another kind of legal tender.”

    The bill defines legal tender as “a medium of exchange, including specie,
    that is authorized by the United States Constitution or Congress
    for the payment of debts, public charges, taxes and dues.”
    “Specie” means coins having precious metal content.

    In effect, passage of the bill would “legalize the Constitution” by treating gold and silver specie as money.

    the United States Constitution states in Article I, Section 10,
    “No State shall…make any Thing but gold and silver Coin a Tender in Payment of Debts.”

    The Arizona bills take a step towards that constitutional requirement,
    ignored for decades in every state.
    Such a tactic would undermine the monopoly or the Federal Reserve
    by introducing competition into the monetary system.

    Professor William Greene is an expert on constitutional tender
    and said when people in multiple states actually start using gold and silver instead of Federal Reserve Notes,
    it would effectively nullify the Federal Reserve
    and end the federal government’s monopoly on money.
    Last edited by goldenequity; 02-05-2017 at 10:22 PM.

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  3. #2
    thats coool, lets see how far it gets before its killed
    It was too weird to live, and too rare to die - hunter s. thompson .
    ..this is the darkest timeline..

  4. #3
    I think using a more agorist approach (just accept gold, adjusted for market value-"barter" in the law's opinion) would be better. $#@! asking permission to exercise rights.
    Quote Originally Posted by Torchbearer
    what works can never be discussed online. there is only one language the government understands, and until the people start speaking it by the magazine full... things will remain the same.
    Hear/buy my music here "government is the enemy of liberty"-RP Support me on Patreon here Ephesians 6:12

  5. #4
    Excellent! It is great to see folks in AZ trying to join UT and NH on this freedom!
    Lifetime member of more than 1 national gun organization and the New Hampshire Liberty Alliance. Part of Young Americans for Liberty and Campaign for Liberty. Free State Project participant and multi-year Free Talk Live AMPlifier.

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