Get the latest tech news
US government agency argues that money isn't property–so it can take yours
In a jaw-dropping argument, the Department of Justice claims seizing $50,000 from a small business doesn’t violate property rights because money isn’t property.
The specifics of what the government claims Saine did wrong (in short: arcane labor law) are beside the point. Now, the DOJ argued that Saine has no right to a real judge and jury because the government was only trying to take his money, not his property. Lest anyone miss the implicit connection to the history of the gold standard, DOJ's footnote prominently cited the Legal Tender Cases —where the Supreme Court upheld laws forcing people to accept paper currency, rather than gold and silver, as payment for debts.
Or read this on Hacker News
