Pennies and the New Finance Reform Laws

I sat wordless in my overstuffed chair as I readcheck or obtain a money order so that I could
with concern the recent news feature regardingpay for the needed business license.
the man in Canadian that attempted to pay hisAs times get worse and our economy starts to
tax bill with 200,000 Canadian pennies. It seemsbottleneck at all levels of management we are
that the gentleman was a bit feed up with theapt to see some frightening changes occurring.
persistent increase in his tax liability and this wasThe recent bill which our elected representatives
his approach to challenging the situation. Mr.so generously past has some very serious
Normand Czepial's has complained that hisrepercussions awaiting us in the future. This
property tax allegedly has increased by roughlyun-needed overhaul of financial regulations is
$4,000 dollars within the preceding several years.merely another socialistic scheme to gain unlimited
Can't say I blame the gentlemen at all.control over commerce. Now not only is our
I can merely imagine the spectacle of this mangovernment in control of the automotive
hauling 200,000 pennies with him to city hall.industries and the mortgage and banking institutes
Supposedly he required the use of a child'sbut it seems like any sort of financial transaction
swimming pool in order to transport his 213,000will now fall under the scrutiny of the federal
plus pennies to the city hall offices. Even thoughgovernment. These established rules have
he was denied the use of the pennies to fulfill hismanaged to touch just about every aspect of
debt obligation under the Canadian Currency Act, Ifinance and displays the largest abuse yet of a
believe the authorities may have gotten the hint.federal power grab.
Here in America we currently do not have similarGranted this is not the first time that the federal
currency laws as Canada when using pennies togovernment has seized control of private
pay a bill. Canadian law clearly specifies that youindustries in fact this administration continually
can use no more then 25 pennies to pay any bill.displays such reckless endeavors. One can only
The gentleman was clearly over the Canadian limitimagine that even though we give these new
and the local mayor promptly refused hisregulations ample opportunity to work their magic,
payment, while suggesting alternative means ofthe chances of this new set of power
settlement. I would venture to say that after thisconventions may not provide enough of a
episode in Canada, it will not take our statestimulus to kick start our ailing economy. The
legislatures long to pass a duplicate bill in theirfederal agencies involved may still not be able to
respective states.prevent any upcoming financial crisis nor to
Even though the law states that pennies as wellimprove our current fiscal tribulations. It is highly
as our other American currencies are legal tenderlikely that this bill will push our financial conditions
for any sort of debt, it is more or less left at theback by 40 years. Who knows, perhaps in the
discretion of the various businesses as to whethernear future after our government completes their
they wish to accept them in payment or not. Intrials of those new finance rules, businesses might
fact, I personally encountered a situation with abe inclined to accept their payments in pennies or
Delaware State Revenue Office which refused tofor that matter as barter for cattle and grain.
accept any sort of cash. I had to either submit a