Saturday, October 06, 2012

Again, so much for legal tender.....

If you buy or sell secondhand goods and live in the state of Louisiana, you can no longer use legal tender to complete such transactions. Ackel & Associates LLC (A&A), a professional law firm, explains that House Bill 195 of the 2011 Regular Session (Act 389), which was recently passed by the state legislature and signed into law by Gov. Bobby Jindal, prohibits anyone who "buys, sells, trades or otherwise acquires or disposes of junk or used or secondhand property [from entering] into any cash transactions in payment for the purchase of [such items]."

Besides prohibiting the use of cash, the law also requires such "dealers" to collect personal information like name, address, driver's license number, and license plate number from every single customer, and submit it to authorities. And the only acceptable form of payment in such situations is a personal check, money order, or electronic transfer, all of which must be carefully documented.

The stated purpose of the law, which excludes non-profits and pawn shops, is to curb criminal activity involving the reselling of stolen goods, particularly metals such as copper, silver, and gold. But according to A&A, existing Louisiana state law already requires businesses and other resellers of secondhand goods to account for transactions, and has specific laws already on the books that address the selling of stolen goods.
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-g

8 comments:

Anonymous said...

Good luck enforcing it.I spent 7yrs. in Cajun country ( South of I-10 ) I loved it there , and would still be there ,but the job went away. I can tell you this ; if you make a friend there you have a friend for life. These are people of a different breed ,not to be fucked with. If you make an enemy there ........

Anonymous said...

I can tell you that this law is only a paper tiger. Cash is still king down here in Loose bananna.

Anonymous said...

Such a law would make it easier to collect taxes on the sale of used items, which is why I think it exists.

Anonymous said...

Can you say "Barter Society"? They have basically energized the underground market and folks can now just trade or barter for items without using any recognized form of taxable instruments.

Cruachan!

Highlander

Anonymous said...

The law was intended to cut back on the scrap metal thefts which we were plagued with.
Over zealous politicians...

Wraith said...

And I was really liking Gov. Jindal, too. :(

Bobby, What The Blessed Blue Fuck are you doing? I thought you were on our side.

BrianS said...

just keep it up assholes, we are getting beyond tired of your political bullshit

Anonymous said...

Same shit happened to Rome and other societies where the crooks in government debased the currency and then taxed the hell out of its citizens. Creates a thriving underground economy and black markets which haves the opposite desired effect.

In America, after the Revolutionary War, The newly formed government needed to repay the war debt so they imposed a whiskey tax (one of the reasons for the war in the first place). They found out thst a settlement in western Pennsylvania call Berlin, collected no taxes. Washington sent agents out to collect the taxes but found out that those people used no money and bartered everything. So, the revenuers proceeded to confiscate property and all hell broke loose and troops were ordered in and the Whiskey Rebellion was born. Many of the people fled to desolate hills of Tennesse and Kentucky. And that is where some of the finest whiskey originates to this date. All of this is from memory so fact checking may be in order but you get the gist...