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Merchants will gladly price everything in five-cent increments -- but making change without pennies is gonna be complicated in any state with a sales tax.
I once heard famed criminal lawyer F. Lee Bailey, on the college lecture circuit, argue that the best way to stamp out crime is to criminalize the possession of more than $100 in cash. Because non-cash transactions leave a paper trail, which criminals can't afford to do -- they need cash because it is anonymous.We should be fine for awhile re: having enough pennies.
I can see some real dangers with going entirely cashless, though. And eliminating coinage is a step towards it.
^^^Getting rid of the penny has been discussed for years, even as Canada got rid of theirs years ago. Each time Congress took up this issue, the Illinois delegation stopped it from happening. Are you aware it costs between 6 and 7 cents to mint a penny? Tell me in what universe does that make sense.
Just think. If we get rid of the^^^
I do believe I have just triggered a Deplorable with a thread about pennies.![]()
Just think. If we do get rid of them, you won't be able to add your 2 cents worth on anything.^^^
I do believe I have just triggered a Deplorable with a thread about pennies.![]()
We needa ban his two centsJust think. If we do get rid of them, you won't be able to add your 2 cents worth on anything.
And you won't be able to buy desperately needed lessons on how to post properly.Just think. If we get rid of the
Just think. If we do get rid of them, you won't be able to add your 2 cents worth on anything.![]()
In Australia they just round up or down to the nearest increment of five cents.Merchants will gladly price everything in five-cent increments -- but making change without pennies is gonna be complicated in any state with a sales tax.
Canada ditched the penny some years ago.In Australia they just round up or down to the nearest increment of five cents.
In Australia it's rounded even if paying with a card.Canada ditched the penny some years ago.
If paying in cash, totals get rounded up or down to the nearest 5c. If paying with a card, you pay the exact amount [so $1.23 instead of rounding to $1.25].
Don't think so (as an Oz resident) though rounding up seems more common than rounding down. Our smallest coin is now 5 cents.In Australia it's rounded even if paying with a card.
Donald Trump has made the penny a symbol of opposition to him.Breaking
Just think. If we do get rid of them, you won't be able to add your 2 cents worth on anything.![]()
We needa ban his two cents
Not hardly, RoryN, that was my attempt at humor. Instead of your 2 cents worth, you'll have to add your 5 cents worth. I thought it was funny.Aw, you Deplorables wanna censor me. I'm honored!
Great to know my work here is having such a profound effect on you. (Although everyone already knew that.)![]()
Not hardly, RoryN, that was my attempt at humor. Instead of your 2 cents worth, you'll have to add your 5 cents worth. I thought it was funny.
Worth next to nothing and disappearing? I like that analogy!Donald Trump has made the penny a symbol of opposition to him.
I can see some real dangers with going entirely cashless, though. And eliminating coinage is a step towards it.
All I know is, when the register says, say $5.88, they'll say "five-ninety".Don't think so (as an Oz resident) though rounding up seems more common than rounding down. Our smallest coin is now 5 cents.