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Should We Get Rid of the Penny? – 8 Reasons to Keep It vs Eliminate It
Money Crashers ^ | March 21, 2021 | Amy Livingston

Posted on 04/26/2021 3:48:41 AM PDT by gattaca

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To: gattaca

Yes please get rid of them.

Canada and Australia dropped the penny with no increase in prices.


21 posted on 04/26/2021 4:58:53 AM PDT by Renfrew
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To: Beagle8U
...two for a Mary Jane.

Ah, the good old days when one could get some premo Mary Jane for two cents.

22 posted on 04/26/2021 5:06:32 AM PDT by TangoLimaSierra (⭐⭐To the left, truth is right-wing extremism.⭐⭐)
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To: gattaca

"What?"

23 posted on 04/26/2021 5:15:25 AM PDT by GreenLanternCorps (Hi! I'm the Dread Pirate Roberts! (TM) Atsk about franchise opportunities in your area.)
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To: gattaca

I purchase just about everything but a haircut with a visa card. It easily takes care of transactions requiring odd cents.

We have an old milk bottle that was the depository for change, mostly pennies. The bottle sits there now with almost no pennies.

the fact of the matter is that for many, all change is obsolete.


24 posted on 04/26/2021 5:23:34 AM PDT by bert ( (KE. NP. N.C. +12) History: Pelosi was pitiful vindictive California crone)
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To: gattaca

I purchase just about everything but a haircut with a visa card. It easily takes care of transactions requiring odd cents.

We have an old milk bottle that was the depository for change, mostly pennies. The bottle sits there now with almost no pennies.

the fact of the matter is that for many, all change is obsolete.


25 posted on 04/26/2021 5:23:34 AM PDT by bert ( (KE. NP. N.C. +12) History: Pelosi was pitiful vindictive California crone)
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To: Does so

Harriet Tubbman was a felon


26 posted on 04/26/2021 5:24:24 AM PDT by bert ( (KE. NP. N.C. +12) History: Pelosi was pitiful vindictive California crone)
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To: GreenLanternCorps

27 posted on 04/26/2021 5:28:54 AM PDT by Bratch
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To: bert

We have an old milk bottle that was the depository for
change, mostly pennies.

************

We do also but with use of debit/credit cards the use of
coins has dropped substantially in our household.


28 posted on 04/26/2021 5:29:23 AM PDT by deport ( )
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To: gattaca

I’ve got a better idea. Stop the government policies that made the penny worthless.


29 posted on 04/26/2021 5:36:25 AM PDT by T. P. Pole
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To: gattaca

ACTUALLY, we dont have a penny. We have one cent coins.


30 posted on 04/26/2021 5:36:33 AM PDT by weezel
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To: gattaca

We don’t have ‘pennies’ we have one cent coins.


31 posted on 04/26/2021 5:38:35 AM PDT by steveo
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To: gattaca

Yes. Get rid of it. It cost more than a penny to produce a penny. That cost alone demands we quit minting pennies.

Have everyone round up or truncate down to the nearest nickle.

And don’t be surprised if in another 100 years they eliminate the nickle.


32 posted on 04/26/2021 5:55:56 AM PDT by Wuli
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To: FES0844

we knew a girl named Penny Candy. No she was not a stripper then!


33 posted on 04/26/2021 6:05:27 AM PDT by ronniesgal (Hillary wants to be Governor of New York!!)
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To: gattaca

Eliminate it by allowing prices to be rounded to the nearest multiple of 5 cents. Then stop minting pennies. The nickel will one day go the way of Venezuela, but it’s not there yet.


34 posted on 04/26/2021 6:12:11 AM PDT by I want the USA back (Voltaire: To learn who rules over you, simply find out who you are not allowed to criticize.)
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To: noiseman

thoughts have become so worthless that you could probably buy ten of them for a penny.


35 posted on 04/26/2021 6:47:16 AM PDT by euram
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To: gattaca

Maybe we’re asking the wrong question.
How about we restore the purchase power of the US Dollar?


36 posted on 04/26/2021 6:50:34 AM PDT by sjmjax
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To: gattaca
Today, there’s literally nothing you can buy with a single penny — and you can’t do much else with it either

They make a good washer in a pinch if you drill it out.

37 posted on 04/26/2021 6:53:01 AM PDT by 1Old Pro
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To: gattaca

Today, since the fed printed 37% of the US Money in circulation within the last YEAR, all US Currency is becoming worthless. This is a waste of time to worry about.
If you aren’t changing your US Paper and Coin into something of VALUE you are going to be broke. Long gone are the savers and bank account holders. Inflation and zero interest rates make your bank account worthless.
Silver and Gold haven’t exploded yet, but it is coming. Inflation isn’t reported properly, but check out the price of lumber, food, fuel and other stuff the government isn’t reporting on. The coming destruction is not about the value or usefulness of pennies, it is about the uselessness of a dollar.


38 posted on 04/26/2021 6:55:00 AM PDT by King_Corey (Buy SILVER and GOLD to hedge against the coming market destruction of FIAT currency)
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To: gattaca

Consider that some states impose sales taxes that would not necessarily round up to the nearest nickel. For example Minnesota has a 9.6% tax on alcoholic beverages. Would there be a temptation for states to simply raise taxes to allow for “easy” rounding?


39 posted on 04/26/2021 7:08:30 AM PDT by The Great RJ ("Socialists are happy until they run out of people's money." Margaret Thatcher)
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To: gattaca
So I guess that no one here wants to join my “Bring Back the Half Penny” movement.


40 posted on 04/26/2021 7:22:47 AM PDT by Leaning Right (I have already previewed or do not wish to preview this composition.)
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