In the Maryland State Legislature, Democratic Delegate Joseline Pena-Melnyk has introduced a measure that would sieze the remaining cash on unused gift cards, and divert that money into the state’s educational system.
Read that again. Yep, she wants to take the balances on gift cards which have been unused for four or more years, sieze the funds, and transfer the proceeds to the state’s educational budget. During her presentation of the bill:
She argued that companies are unfairly keeping money paid for gift cards and gift certificates.
Unfair? If I run a business, and you pay me fifty bucks in advance for goods or services; I’m obligated to honor your deposit. If you never return to claim those goods and services, that money is now mine. How am I unfairly keeping it? According to this astute legislator:
Pena-Melnyk calls it “enrichment for the companies.”
I call it being a dumbass consumer, who is unable to spend free money. And, Ms Pena-Melnyk, profit is not a dirty word, though it apparently is to you.
How is the state going to track the unused portions of gift cards? That’s right, by forcing businesses to do the state’s dirty work, and file annual reports on unused balances meeting the criteria. This unnecessarily adds to administrative costs for business.
Finally,
It’s also unclear whether the state would have to advertise before seizing money from each gift card, as is the custom for other abandoned property taken by the government.
Government in action: spend a buck to collect 10 cents. I have ample confidence in the Maryland government to do just that. Congratulations, Maryland, as a true-blue “Year of the Chickenshit” participant.
As much as Northern Virginia sucks, at least it isn’t Maryland. Hmmm, there may be a slogan in there someplace.
-k-
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