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Lee Berryman's avatar

Most politicians are completely unaware of the concept of “unintended consequences”. As a regular buyer of gold and silver, if a dealer has to add 6% to their cost, they will sell nothing. It’s a highly competitive business. If a dealer is 1% lower than the competition, they will get virtually all the business.

This new tax will generate no new revenue and will cause the loss of any revenue, they’re currently generating. Not just Dumb, but Super Dumb.

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Jim collins's avatar

Garrett, unfortunately you knew what you were getting into when you moved from Florida back to Maryland. Gold tax and bag tax just to name a couple of government grabs. Oh yeah, I almost forgot about the county income tax on top of the state income tax. It was 70% adder when I moved away.

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