They’ve Lost It! WA State Democrats Attack Gold Owners with Massive 10.3% Tax!

Happy New Year from Washington State, where Democrats just enacted a 10.3% sales tax on gold and silver—because why wouldn't you destroy an entire industry in one move? Businesses are literally packing up and moving to Idaho and Oregon, where this insanity doesn't exist. The state projects $34-148 million in revenue, but here's the problem: nobody's going to buy precious metals in Washington when they can drive 5 minutes across the border and save hundreds of dollars. Coin dealers operating on razor-thin margins are facing closure or relocation, and the tax revenue Democrats are banking on? It won't materialize because the transactions will simply disappear. It's Economics 101, but Sacramento 2.0 doesn't care—they'd rather virtue signal about taxing "investments" while small businesses collapse. One dealer said it perfectly: requiring an 11-12% gain just to break even makes this a terrible investment from day one. Do you think Washington will reverse course when the revenue projections fall flat, or will they just find something else to tax? Is anyone surprised that reasonable people keep fleeing to Texas, Idaho, and Florida? Subscribe for more coverage of policies that defy common sense, and drop a comment with your predictions for Washington's next brilliant taxation scheme!