Theft, Plain And Simple
Written by Brian Garst, Posted in General/Misc.
Is there any doubt that the biggest collection of thieves can be found in government? There shouldn’t be. From Club For Growth:
I already wrote about 2007 legislation in Wisconsin that would have mandated that the value of unused gift cards go to the state treasury. Apparently, Wisconsin is not the only state interested in seizing private property. A number of states have proposed or adopted legislation that would require the value of an unused gift card to revert to the state.
In New Jersey, A.B. 2603, introduced this year, would require abandoned gift card balances to revert to the state. In Nevada, the governor signed A.B. 279 in 2007, requiring a certain portion of an unused gift certificate to revert to the state where the funds will be used for educational purposes. In Rhode Island, H.B. 5777 became law without the governor’s signature in 2005. The legislation allows the Division of Taxation to take funds paid for unredeemed gift certificates.
I serve as Vice President of the Center for Freedom and Prosperity, a non-profit think tank dedicated to preserving tax competition and free markets. This site features my personal views, which are not reflective of CF&P.