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?
the Ol’Buzzard
I live in a sales tax state, most transactions here involves penny's. I don't have a solution but I admire the problem.
ReplyDeleteCanada will be phasing out the penny next month.
ReplyDeleteIt may be a wasteful coin but it's easy to see that getting rid of lower denominational money makes it easier to raise prices.
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