Sunday, December 21, 2014

Are You Kidding Me?

In order to keep terrorists from funding plots, the federal government watches cash deposits of $10,000 or more.

Because terrorists know of this limit, the government considers cash deposits of less than $10,000 to be suspicious.

The government feels free to seize those deposits without any criminal conviction. (Tip to Instapundit)

I don't know how many terrorist plots have been harmed by this government program, but at least the government is able to nail lots of legitimate small businesses.

This is just one more way that forfeiture laws are nothing but legal theft.

Aside from passing the bill mentioned in that article, as a good initial step, no executive agency should benefit financially from asset seizure. If everything went to the general fund where the legislative branch would decide what to do with it, how many resources would police forces expend to grab that money?

I bet the life of Julia that President Obama designed didn't include having her dream of starting a small web-design business in her early 30s shattered by the government seizing her assets.

The federal government is just too big.