South Carolina Congressman Hates Your Money
The best things in life are free. For example, South Carolina state representative Mike Pitts introducing a bill that would recognize only gold and silver coins as legal tender. Money: that's not what he wants.
The Palmetto Scoop found this curious bill currently being distributed in the SC House of Reps based on Pitts' belief that all those paper rectangles in your wallet are unconstitutional. Illegal. Morally reprehensible, honestly. Pitts' bill was introduced back on February 2 but was clearly ripped from the headlines thanks to some spotlight-hungry groundhogs.
The bill reads: "this State shall not recognize, employ, or compel any person or entity to recognize or employ anything other than silver and gold coin as a legal tender in payment of any debt." If these ideas caught on, it would put a severe dent into Cash4Gold's business model.
Although stranger bills have been passed, this likely won't happen. Not when other cities are taking the exact opposite action by creating new types of paper money. Face it, Pitts. People are so addicted to the stuff, they're home brewing it.
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