Kill The Penny

[mrjarrell]

This short video makes the case that we should get rid of the penny. Can't say I find anything to disagree with there. It's a useless coin that costs more to manufacture than it's worth and no-one really uses them anymore. While we're at it we can get rid of the dollar bill, too and replace them with coins, which are more cost effective and realistic.

[ame]http://www.youtube.com/watch?v=y5UT04p5f7U&feature=player_embedded[/ame]

 

[strahd71]

we need pennies................ for those machines at touristy type places that smash it and stamp another picture on it............... geeeeze

jake

 

[KLB]

They've needed to for years. Just round to nearest 5 cent.

 

[HeadlessRoland]

Or about we stop devaluing our money supply and mint coins whose melt value is less than their face value.
Nearest five cents being read as 'rounded to the next five cents.'
Why stop at five? Why not charge another dollar for the inconvenience of rounding.

 

[strahd71]

They've needed to for years. Just round to nearest 5 cent.

seesm like that is always going to be in the stores favor there

jake

 

[The Bubba Effect]

Get rid of the 5 dollar bill too. Then get rid of that statue in DC.

 

[chizzle]

Terrific video; thanks for posting. It's funny that we can't get enough courage to get rid of the penny, yet we want our government to have enough spine to balance the budget. Old Abe would be sad indeed.

 

[Benny]

If we got rid of it then all of my ass pennies would be for nothing.

 

[Compatriot G]

When I was in Europe, I noticed euro coins went up to 2 euro. Then, they started with paper money. In Switzerland, the coins went up to 5 francs, then paper money started at 10 francs. BTW, the 5 franc coin is just about as big as the Ike silver dollar.

 

[CarmelHP]

Or about we stop devaluing our money supply and mint coins whose melt value is less than their face value.
Nearest five cents being read as 'rounded to the next five cents.'
Why stop at five? Why not charge another dollar for the inconvenience of rounding.

Pretty bad when a piece of pot-metal zinc is worth too much to be made into coinage. Our ancestors would be astounded.

 

[K_W]

Kill the penny and the dollar coin.

 

[Lex Concord]

Old Abe would be sad indeed.

Father greenback? Not likely.

 

[IN_Sheepdog]

DEATH TO THE PENNY.... I have hated them for years I dont WHOSE people is on it. Its a total pain in the butt... I like the idea of getting rid of the one dollar bill also (see George, it isnt just ABE we want to get rid of)

Just think of having as many dollar coins in your pocket as the number of quarters you usually have, and how rare you would have to pull the wallet out of your pocket for the basic everyday coffee or incidential...

But, the biggest issue... people DONT like change... (pun intended)

 

[ocsdor]

Ten years from now, someone will make the argument to get rid of the dollar and round everything up to the next $5.

 

[Indy_Guy_77]

I was almost ready to type "You leave Kaley Cuoco alone, mister!"... Then I read the OP.

-J-

 

[spearheadersarge]

I agree, kill "em, dollar bill too!

 

[mike8170]

OK, if we kill the penny, lets do some thinking. If the sales tax is 7%, we need 2 pennys for a dollar purchase. Since we don't have pennies to pay the 2 cents with our nickel, do we just give the retailer or gov 2 nickels? Does anyone here really think that the gov will lower taxes to conform to currency? To me, you have to have the 1 denomination just for mathematical purposes.

 

[Prometheus]

OK, if we kill the penny, lets do some thinking. If the sales tax is 7%, we need 2 pennys for a dollar purchase. Since we don't have pennies to pay the 2 cents with our nickel, do we just give the retailer or gov 2 nickels? Does anyone here really think that the gov will lower taxes to conform to currency? To me, you have to have the 1 denomination just for mathematical purposes.

Sales tax.... Because we should have to pay a fee before we are allowed to cloth our children.

How about we kill the sales tax as well?

 

[mike8170]

Sales tax.... Because we should have to pay a fee before we are allowed to cloth our children.

How about we kill the sales tax as well?

I am all for that! I am tired of the local business' bit**ing about internet sale because those companies do not collect sales tax. No Tax, No Bit**ing. Let the free market work.

 

[jd4320t]

Ten years from now, someone will make the argument to get rid of the dollar and round everything up to the next $5.

This.

Be careful what you ask for.