There is a 50% chance that the money was some sort of drug deal.

Just watch and see how much money gets turned in in the future. Not much I'll bet. So what ever the city though they would make off this deal ain't gonna happen. Same kind of thing when you change taxes, people change their behavior.

Magic

yay Texas! they're so backward their like a car stuck in reverse!

Please.

your basing your opinion of an entire state and its people on one news piece - and you clearly didnt pay any attention to how the news story ended :shifty:

every year i meet people who moved here from - say - Wisconsin who expected to find this...

http://pixabay.com/static/uploads/ph...y-4896_640.jpg

and instead are quite surprised at what they actually find here.

And some from Denver. Home of the BRONCOS...:haha:

I agree as well. This is a stupid and despicable thing for the City of Dallas to do. We should all make sure that they get as much negative press from this as possible.

But as far as keeping found cash. People do loose it from time to time. I know you guys are thinking lost drug dealer money, but what if it was someone like Uncle Billy (from It's a Wonderful Life)? This is why we need to give people reasons to turn in found cash instead of reasons not to.

Y'know there are states, mine included, who already appropriate the funds from inactive bank accounts. Put some money in an interest bearing account. Stay out of contact with the bank for three years and they're required to turn it over to the state. What Dallas is doing is just the next step on the same slippery slope.

I didn't see in the story when the policy/law was changed. Did I miss it?

(Not saying what the city did was right, just trying to get a full understanding.)

Not all of Texas is what you think it is. You can't generalize a state that has more land area than the entire country of Ukraine.

Heh, I'll give you the standard spiel I used to give people when I worked at a major bank here in Texas. That process you describe is called escheatment and it's a concept that goes way, way back to the Magna Carta days. It's set in place so that there's no ownerless property. If you leave money in an account or safe deposit box with no contact for three years, the bank is required to turn it over to the state. However, it doesn't become property of the state. The owner can come back years later and get the money back. It's a bunch of filling out forms and whatnot, but it's not like they're stealing from you.

Interesting but what about the interest? I might want to leave a nest egg for my great great grandson... :hmmm:

I will unashamedly admit that if i found 2 grand in an envelope on the ground, the only thing i'll be doing is making sure all the serial numbers are unique, and then deposit that money straight into my savings account.

deposit one cent every 2 years and 11 months

Under new policy my ass is new too :shifty:

That student should get the money. Good faith and good will should be rewarded.

New city policy is teaching its citizens to steal any unclaimed money. A stupid policy imo.

Like it or not 5-10% of people will never respect the law and order and authority.

40-45% will commit crime given opportunity to get away and temptation great enough.

30-35% will do what is right in the hope of social rewards.

20% or less will do what is right under any circumstances.

So Dallas new city policy is telling all but those 20% or less people to steal when you can get away.