Tuesday, January 8, 2013
A BUZZARD EGG OMELET #19
I just made a post about a Trillion Dollar Coin and that got me thinking about coinage. Why the hell do we still have pennies? A penny can’t buy anything, and I sure as hell am tired of seeing something for sale at $49.99 (for example.) Why not just go ahead and post it for $50.00: as that is what, for all practical purposes, it cost. I wouldn't bother to bend over and picking up a penny off the sidewalk.
Why must we create a penny in change for a purchase? A penny is a pain in the ass to carry around and isn't worth squat.
I am sure that it must cost more than a penny for the government to mint and distribute the one cent coin.
While I am thinking about it – what can you buy for a nickel?
I just asking; wouldn't the government save money if they quit minting worthless coins?