By Kenneth Schortgen Jr
If you thought that your dollar bill was recognized legal tender, then think again as the state of Louisiana has passed a new bill that will outlaw the use of cash for purchases of used goods, and will summarily make it illegal to use cash for things like private auto sales and garage sales. Bill LA HB 195 is an updated version of a bill passed originally in 2011 which now expands the purview of legislation outlawing the use of cash in transactions involving used goods such as in private sales or even for Goodwill retailers.
There are three reasons why a municipality, state, or government would outlaw the use of cash in private or secondhand transactions:Every person in this state engaged in the business of buying, selling, trading in, or otherwise acquiring or disposing of junk or used or secondhand property, including but not limited to jewellery, silverware, diamonds, precious metals, ferrous materials, catalytic converters, auto hulks, copper, copper wire, copper alloy, bronze, zinc, aluminium other than in the form of cans, stainless steel, nickel alloys, or brass, whether in the form of bars, cable, ingots, rods, tubing, wire, wire scraps, 10 clamps or connectors, railroad track materials, water utility materials, furniture, pictures, objects of art, clothing, mechanic’s tools, carpenter’s tools, automobile hubcaps, automotive batteries, automotive sound equipment such as radios, CB radios, stereos, speakers, cassettes, compact disc players, and similar automotive audio supplies, used building components, and items defined as cemetery artefacts is a second-hand dealer.
Anyone, other than a non-profit entity, who buys, sells, trades in, or otherwise acquires or disposes of junk or used or second-hand property more frequently than once per month from any other person, other than a nonprofit entity, shall be deemed as being engaged in the business of a second-hand dealer.
A second-hand dealer shall not enter into any cash transactions in payment for the purchase of junk or used or second-hand property. Payment shall be made in the form of check, electronic transfers, or money order issued to the seller of the junk or used or second-hand property and made payable to the name and address of the seller. All payments made by check, electronic transfers, or money order shall be reported 16 separately in the daily reports required by R.S. 37:1866. – Silver Doctors
- To ensure tax collection
- Eliminate barter
- Monitor and record every sale made by an individual or business
When cash is no longer accepted as legal tender for debts public and private, then that script or currency can no longer be considered money. And as the State continues to push for a completely electronic monetary system, this is just one more step on the road to removing freedoms and liberties from the common citizen, and controlling all commerce done between one person to another.