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Pawn shop owner Les Gold on a law that would force people to get permission to resell anything they own that was made outside the U.S.
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Welcome back it's a law that could topple pawnshops and make.
Crumble the US Supreme Court taking up a case that could and you're right.
To resell your own stuff.
Now let the justice is -- uphold an appellate court ruling.
You would need permission to sell any products you -- that was made outside of the United States that includes cars dvds.
Books even -- phones.
-- -- -- Are less gold watching he's worried he says he has good reason his business depends on let's tell us -- this is going to be affected by the.
Law of my business would be affected we are a pawn -- we deal when used merchandise.
90% of the time I don't know how we can get over -- -- like there's this what this would affect us have to lay off employees.
Aren't so here's a deal I mean if you basically.
Are reselling.
Not decide phones.
Art work books but it -- if it comes in from China Japan or Europe you have to get permission to resell it what would that -- I I could even imagine what it would entail I mean there's an -- government regulations now.
Now that corporations can rule us I don't know what affect it's gonna have.
What kind of affected are gonna have on charities Salvation Army goodwill there's going to be so much flak from that I don't know where it'll ever end.
-- -- here's a deal we've got something like 200 million books for example from.
Overseas booksellers do you know a lot of books do so lot of stuff you know basically that comes from overseas.
Most of my stuff -- from overseas most of my electronics.
Most of my wits and every diamond that I sell.
Comes from outside the United States that's why my is that going to be charged to I don't know where this is gonna stop.
I don't know how my business Craigslist.
EBay I don't know how anybody is going to overcome this I -- really is mind boggling.
Let's just talking about this that you and your other friends and upon industry talking about this is anybody else is seeing.
At Craig's list -- talking about us.
Well if you go to the Internet today everybody is talking about this everybody that sells.
-- merchandise is talking about this this is one thing that will affect us forever if this goes into effect.
For first thought who's gonna regulated how are they going to know our you have to fill out documents -- you have to fill out forms.
Who knows what this could entail I I'm really nervous if it does get passed.
Aren't so let's play this out for the viewer essentially let's say hypothetically gets passed and somebody who has a copper right on something that you resell.
Saying is over in Japan are you afraid it could take you to court -- -- Well they could if it's why the United States they could take -- to court if I sell -- TV that's made in Japan it has made in China.
They -- and I don't pay the the -- of them who knows what it could happen to us but I have seven attorney.
On staff just waiting for this to happen let's going to be taken a quarter -- saying China.
If this goes into effect who knows where it could take me I'm I'm very concerned I'm very concerned about.
To charities are very concerned about my customer you know where it right now with the economy is bad that is.
People need money they're trying to come to the punch up they're going to the Internet to save money what will this do -- stop.
Business -- stop people from buying used merchandise and that's a major part of the economy the United States as we speak let's -- your business -- My business is okay the part business is is.
You know has been you know because -- of the year -- went 2008 when the economy went bad.
People now know they can come to the pawn shop and they can get tremendous deals but what will happen.
People won't want to come to the punch -- because they can go to a retailer that pay the same amount this will drastically affect the business right now.
Business is good in the years to come if this gets -- I have no idea what could possibly have.
All right let's dole from true TVs hard -- core pawn so good to -- news tonight sir thank you so much for your time.
Thank you -- --
