By Howard Fischer | Capitol Media Services via Arizona Capitol Times
Invoking claims of illegally printed paper money, the use of gold in the Bible and even foreign entanglements, former Congressman Ron Paul urged Arizona lawmakers Wednesday to let coin collectors and investors escape the state’s capital gains tax.
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Paul, a three-time presidential hopeful, told members of the Senate Finance Committee it’s not fair or even legal from his perspective for the government to take its share when someone who bought a coin at $300 later sells it for $1,200.
He said the value of the coin really remains the same. It’s the value of that paper money — money he contends is “fraud” — that’s gone down.
