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Source link: http://archive.mises.org/18776/wreck-the-money-and-then-abolish-it/

Wreck the money and then abolish it

October 20, 2011 by

Flea markets, Goodwill, and other second-hand shops in Louisiana are in shock at an unnoticed law just passed by the legislature that actually dares to ban cash transactions. Does it apply to garage sales too (for some reason, pawn shops are exempt, apparently)? The “informal sector” of Louisiana just exploded in size.


Rob Mandel October 20, 2011 at 9:23 am

Well, it isn’t our money, it’s the government’s. They force us through legal tender laws to use the junk, they print tons of it, and it belongs to them. So it makes perfect sense that they now tell us how to use it.

DayOwl October 20, 2011 at 9:38 am

It pertains to sales that occur more than once a month. Infrequent garage sales would not apply.

The supposed justification for the law, which may not hold up to challenges, is to prevent traffic in stolen goods. Like people trafficking in stolen goods care about another law against it.

Bogart October 20, 2011 at 9:56 am

This law like all others has nothing to do with crime prevention or helping society or any good intention. Its sole function like most laws and regulations is to force people to behave at the service of their law-making and law-enforcing masters. It is directly in line with the old Lenin quote:
“If you pass enough laws then everyone will be criminal.”

If you are correct that the proponents of this evil law were trying to limit the trafficking of stolen goods then why would they create a law in direct violation of the Constitution of the USA AND probably the state constitution as well? Wouldn’t they ask first before passing the law? Or at least create the law with the penalty of a violation to test the constitutionality? Is limiting the trafficking in stolen property worth gross violations of their oaths?

RTB October 20, 2011 at 8:45 pm

Is your second paragraph serious? It’s just the funniest thing I’ve read in a very long time. Thank you.

Ohhh Henry October 20, 2011 at 12:19 pm

Tax offices in Canada stopped accepting cash a few years ago. Humorously, the wickets in these offices are still labeled “cashiers”. Either they can’t trust their own employees to handle money (which may be true given the number of cases in which revenue agency employees have been caught embezzling tax refunds), or else they’re trying to abolish cash and force everyone to deal with banks where they can track (and steal from) every transaction.

It has the beneficial side effect (to the government) of sending businesses underground or shutting them down – creating more work for police, courts, prison guards, social workers, welfare bureaucrats, make-work contractors, etc.

Wildberry October 20, 2011 at 4:32 pm

This is outrageous, and I expect to see more of this type of ham-handed attempt to capture more taxes from the transactions. Obviously taxes on used goods have already been paid once.

I can understand how taxing a used yacht a second time is attractive to the state and city tax collectors, but it’s hard to get why they think they will be able to tax even junk sales. can you imagine paying for a $1 poster with a credit card so they can come back later and accuse you of tax evasion?

In San Francisco, one of the most liberal cities on earth, perhaps, they are constantly scheming for new ways to extend existing fees and taxes.

Christopher October 21, 2011 at 5:51 pm

The new business I got a job with 2 months back had to buy the poster that explains labor laws to the employees.
I can guarantee you the poster did not cost merely 1 dollar.
The price?
180 dollars!

chad October 21, 2011 at 10:31 pm

@RTB Hahahahahaah!

R Lee October 24, 2011 at 4:23 am

First I’ve heard of this so I don’t know any details, but it sounds like one more especially good example of the total lack of conscience and self-restraint of politicians. These people prove over and over again that they are psychopathic criminals of the worst sort.

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