Thursday, October 20, 2011

Law Bans Cash for Second Hand Transactions

Cold hard cash. It's good everywhere you go, right? You can use it to pay for anything. But that's not the case here in Louisiana now. It's a law that was passed during this year's busy legislative session. House bill 195 basically says those who buy and sell second hand goods cannot use cash to make those transactions, and it flew so far under the radar most businesses don't even know about it. "We're gonna lose a lot of business," says Danny Guidry, who owns the Pioneer Trading Post in Lafayette. He deals in buying and selling unique second hand items. "We don't want this cash transaction to be taken away from us. It's an everyday transaction," Guidry explains. Guidry says, "I think everyone in this business once they find out about it. They're will definitely be a lot of uproar." The law states those who buy or sell second hand goods are prohibited from using cash. State representative Rickey Hardy co-authored the bill. Hardy says, "they give a check or a cashiers money order, or electronic one of those three mechanisms is used." Hardy says the bill is targeted at criminals who steal anything from copper to televisions, and sell them for a quick buck. Having a paper trail will make it easier for law enforcement...more

Can't have a voluntary transaction between two citizens without the government being able to track it, now can we.

2 comments:

Anonymous said...

The only way a brain sick liberal can think is to punish everyone to obtain a single purpose. I say forget the law and let those who pass it enforce it....not enough of them to get it done.

Anonymous said...

Read on the front of paper currency: "This note is legal tender for all debts public and private". So now Louisiana says US currency is not legal for trade? Sounds like a lawsuit brewing to me.