#rsrh How do you ban… cash?

This video is going around:

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.

Seriously, it says it right there on the Federal Reserve note: “this note is legal tender for all debts, public and private.” Seems pretty straightforward to me. Not to mention the fact that having some financial transactions be effectively untraceable is actually a feature, not a bug. Yeah, it’s open for abuse. Many things are.

Moe Lane

6 thoughts on “#rsrh How do you ban… cash?”

  1. You could make the same argument about tracking all wee-wees as capable of rape and all hoohas as precursor to prostitution. (I know, shhh don’t give them any ideas).

  2. Why does this feel like an end run around charitable contributions? Under the guise of tracking stolen goods–a small leap to “We need to track what people give to churches, etc. We can’t have you spending your own money any way you want, you know.”

  3. Well, an Mr. Lane pointed out, this state law seems to conflict with federal authority to issue notes good for all transactions. I would think the first articulated court challenge will strike this down. Otherwise there’s no stopping LA from further restricting transaction to only State of Louisiana approved bank cards. Maybe with Jefferson Davis’ likeness on them to symbolize that approval. Wa-La, Confererate money is back.

  4. Trying to interdict stolen goods my butt-ox; this is about collecting more sales tax, pure and simple. The state is terrified they might lose a few fractions of a percent of their sales tax revenue to unreported cash transactions.

  6. There’s easier ways of saying “We really don’t want you reporting what cash you make from your business,” but this does it pretty well.

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