The head of Sound Money speaks to Silverwars about eliminating taxation on gold and silver [video]

Jp Cortez, executive director of the Sound Money Defense League, recently sat down with Jon Forrest Little on SilverWars to discuss states exempting gold and silver from federal taxation across the country.

I. Introduction

The discussion begins with a strong emphasis on the critical role of grassroots advocacy in promoting sound monetary legislation. Cortez highlights the need for local participation and activism to drive change at the state level. He explains how the Sound Money Defense League benefits immensely from the grassroots support of Money Metals Exchange customers who are working to address these issues on the ground in every state.

II. Recent Successes of Money Metals’ Political Efforts

• Strategic focus: Money Metals and the Sound Money Defense League have prioritized state-level initiatives to eliminate sales tax on precious metals, among other initiatives. This focus has led to significant legislative successes and demonstrates the effectiveness of targeted advocacy.
• Examples of successes: It highlights several states that have enacted sound monetary laws, reinforcing the idea that local efforts can produce tangible results. Specific victories in states such as Louisiana, Alabama and New Jersey are mentioned, illustrating the momentum behind these initiatives. In its tenth year of advocacy, the Sound Money Defense League adopted seven states that support sound money.

III. Public opinion on local governance

• Paradox in public engagement: Cortez points to a contradiction in public sentiment: While people are often most affected by local governance, they often fail to vote in local elections and instead focus on national politics. This disconnect can hinder the progress of sound monetary policy, which requires local support and advocacy.

IV. Community Engagement

• Importance of grassroots advocacy: Grassroots activism is seen as essential to promoting sound monetary policy. Jp emphasizes that effective change often begins at the local level, with states serving as critical examples for others to follow.
• Role of Education and Awareness: The importance of educating the public about the effects of sound monetary policy and the benefits of local governance is discussed, emphasizing that informed citizens are more likely to actively participate in advocacy efforts. Costco’s recent foray into precious metals and money metals sales, announcing a brand new, state-of-the-art precious metals depot in Idaho, are two key data points that indicate an increase in investment and general awareness of precious metals.

V. Challenges and Victories

• Specific state examples:
  • New Jersey: Current developments in sound monetary legislation are examined, with an emphasis on the challenges that arise in advancing these policies. The political climate and public sentiment in the state are analyzed to understand the barriers to success.
  • New Mexico: Ongoing efforts in New Mexico to promote sound monetary initiatives are discussed, highlighting the challenges of overcoming legislative hurdles and the need for sustained grassroots support. New Mexico is one of only five states in the United States that still imposes a tax on the purchase of gold and silver.

VI. Diploma

• Call to action: The discussion concludes with a strong call for greater public engagement in local governance and robust funding initiatives. JP encourages individuals to take an active role in their communities and emphasizes that local advocacy is critical to achieving broader legislative goals.

Important questions answered

1. How can grassroots advocacy effectively influence sound monetary legislation?
   • Grassroots efforts create a direct line of communication between advocates and legislators, enabling tailored strategies that resonate with local communities.
2. What successful strategies have been used in different states?
   • Highlighting case studies of states that have successfully implemented sound monetary policies demonstrates practical approaches that can be replicated elsewhere.
3. Why do citizens often overlook local governance in favor of national politics?
   • The discussion examines the psychological and cultural factors that contribute to this tendency and suggests that greater awareness of local issues could bridge this gap.
4. What unique challenges remain in advancing sound monetary policy in states like New Jersey and New Mexico?
   • Recognizing political opposition, public misunderstandings, and legislative complexity provides insight into the hurdles advocates must overcome.