1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

eliminate pennies?

Discussion in 'Members' Lounge' started by pissedoffsol, Mar 18, 2006.

$.01

  1. yes||

    100.0%
  1. pissedoffsol

    pissedoffsol RETIRED

    Messages:
    49,693
    Likes Received:
    53
    Joined:
    Sep 28, 2002
    Location:
    Retirement Home
    thoughts?

    this has been debated for a while now. i think its useless.
    hell, anything under 25 cents is useless IMO.

    we'll just have to make the phone call last a little longer :p
     
  2. jamesA

    jamesA Well known pissed off telephone guy VIP

    Messages:
    16,118
    Likes Received:
    1,016
    Joined:
    Aug 10, 2003
    While we're at it might as well get rid of the nickle and dime too.
     
  3. TommyTheCat

    TommyTheCat Gonzo Scientist

    Messages:
    1,248
    Likes Received:
    11
    Joined:
    Sep 29, 2002
    Location:
    Minneapolis, MN
    Just wait till all money goes electronic. We'll be screwed by that time anyways.
     
  4. E_SolSi

    E_SolSi Member of the 20 nut club Moderator VIP

    Messages:
    30,017
    Likes Received:
    3,948
    Joined:
    Sep 28, 2002
    Location:
    CT
    never happen

    people will NEVER go for it

    even if you made it so that all prices were even incriments of whatever the smallest denomination is... be is .05 .10 .25 you still have tax to contend with... so the tax goes to an ammount that is not covered by the smallest denimination... so now you would have to round the number either up or down... the government is sure the fuck not going to take less money by allowing it to be rounded down... and people will flip the fuck out if the price gets rounded up so they pay more

    based on current estimations of the US population if every person made one purchace per day that ended up with the tax being rounded up $.01, the US government will recieve an extra $2,983,237.00 EVERY DAY... thats $1,088,881,505.00 EVERY YEAR... and thats based off each person paying ONE PENNY to the government each day

    im all fucking set with the government getting an extra 1 billion plus every year for fucking nothing
     
  5. GSRCIVICTN

    GSRCIVICTN Lost in a sea of rednecks

    Messages:
    431
    Likes Received:
    3
    Joined:
    Feb 10, 2006
    Location:
    Nashville, TN
    Excellent point. Have to keep the penny or go all electronic(thumbs way the fuck down)
     
  6. Cashizslick

    Cashizslick !i!i!i!i!i!i!i!i!i!i!i!

    Messages:
    5,751
    Likes Received:
    37
    Joined:
    Aug 15, 2003
    Pennies suck - i throw mine away :)
     
  7. MikeBergy

    MikeBergy Blah blah blah....

    Messages:
    3,646
    Likes Received:
    1
    Joined:
    Oct 9, 2003
    Location:
    Central Coast, CALI
    It would just be nice if we could get gas stations to stop charging the extra 9/10ths of a cent. Losers.
     
  8. SlushboxTeggy

    SlushboxTeggy It's only stupid if it doesn't work VIP

    Messages:
    9,392
    Likes Received:
    245
    Joined:
    Sep 14, 2004
    Location:
    New Jersey
    i throw them at people
     
  9. Capt. Orygun

    Capt. Orygun Win the Day

    Messages:
    7,180
    Likes Received:
    121
    Joined:
    Nov 11, 2002
    Location:
    Oregon
    but what will I throw at the homeless?
     
  10. hcivic.com

    hcivic.com Senior Member

    Messages:
    4,571
    Likes Received:
    2
    Joined:
    Jan 7, 2003
    Location:
    Calgary Alberta canada
    up here I have not used cash in weeks I pay for everything with a bank debit card
     
  11. SlushboxTeggy

    SlushboxTeggy It's only stupid if it doesn't work VIP

    Messages:
    9,392
    Likes Received:
    245
    Joined:
    Sep 14, 2004
    Location:
    New Jersey
    me too. its easier.
     
  12. jamesA

    jamesA Well known pissed off telephone guy VIP

    Messages:
    16,118
    Likes Received:
    1,016
    Joined:
    Aug 10, 2003
    They do that because the Government charges a $0.01 fee on each gallon, which goes to a certain fund that I don't feel like looking the name of up.
     
  13. asmallsol

    asmallsol Super Moderator

    Messages:
    8,074
    Likes Received:
    3
    Joined:
    Sep 28, 2002
    Location:
    Houghton/Livonia Michigan
    Chances are if anything like this ever went through, the penny as we know it would still remain. The debate is weather to stop making them anymore. The penny would still be used in circulation. Since the oringal creation, there has been appoximently 300 BILLION pennies minted and over 150 BILLION are still in circulation. If production stopped, the penny will not dissapear. Its not like paper money where it has a life of only 10 months. A coin can last for 50-100 years. By stopping production of the penny, millions of dollars can be saved every year.
     
Verification:
Draft saved Draft deleted

Share This Page