TOPIC: Louisiana outlaws cash

That's right the legislator snuck this thru. It is against the law now to buy or sell used merchandice with cash in LA. www.klfy.com/story/15717759/second-hand-dealer-law
If they get away with this it will spread to other states. Maybe I should have posted in the NBR but since the FG hobby and many others revolve around used stuff I thought I'ld pass this on here. If it gets moved no prob.

Louisiana Sucks.. I know.. I've lived here for 48 years. It's ridiculous.

Well we know a lot of business don't report all there cash sales. I suspect cash sales will still continue anyways..

Am I reading this right?
Are there pawn shops in La.?
That would be no cash transactions at a pawn shop?
What lawmaker in their right mind would agree to that?
Neil

This need s to be repealed, FAST. I thought Pennsylvania was bad.

That must mean all the ladies of the evening in New Orleans will have to cary portable card readers.

I know LA kind of makes up rules, but it does say, legal tender for all debts public and private, right on the money. I think the US supreme court might need to get involved here.

63 Sabre wrote:

That must mean all the ladies of the evening in New Orleans will have to cary portable card readers.

The transaction you refer to might be argued to be a rental not a sale. Now "Pretty Woman" you could argue that he took possestion.

The intent of the law was to stop the stealing of scrap metal. I don't see it? I see a bunch of small business and flea markets closing. Also it gives a financial institute a cut of the transaction, making our dollars worth less.