General Discussion

Tommy Carcetti

(43,788 posts)

4. The penny situation is a lot like the Daylight Savings/Standard Time issue.

Mon Feb 10, 2025, 01:02 PM

Feb 10

Getting rid of it is an attractive idea to many people on the surface, but actually doing it would cause way more problems than people want to admit.

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Polybius thinkingagain W_HAMILTON LisaM byronius allegorical oracle

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Getting rid of the penny introduces a new problem: nickels [View all] IronLionZion Feb 10 OP

Typical move by the rapist bif Feb 10 #1

I'm no fan of pennies, but it's true we lose more money on nickels IronLionZion Feb 10 #2

But who gets to round up??? The Madcap Feb 10 #30

With corporations DENVERPOPS Feb 10 #49

What is stopping corporations from rounding up now? MichMan Feb 10 #70

I'd imagine that's the idea behind ridding the penny. C Moon Feb 10 #51

Trump's way ahead of you, not wooden nickels, he's on it. dem4decades Feb 10 #56

Kick dalton99a Feb 10 #3

The penny situation is a lot like the Daylight Savings/Standard Time issue. Tommy Carcetti Feb 10 #4

Then by all means dweller Feb 10 #5

Yep it's one step closer to thinkingagain Feb 10 #26

That right there scares me more than anything. What happens when the electricity goes out, esp. in blue states. ancianita Feb 10 #40

Get rolling with some decent inflation Nasruddin Feb 10 #45

Haven't seen a 50-cent piece in years.... allegorical oracle Feb 10 #78

Easy peasy. Get rid of the nickel too. Irish_Dem Feb 10 #6

They are trying to force us away from cash... TommyT139 Feb 10 #7

Use crypto for everything! IronLionZion Feb 10 #9

If I find out a friend uses crypto... TommyT139 Feb 10 #11

That's not right Polybius Feb 10 #24

It doesn't make you "bad"... TommyT139 Feb 10 #27

I understand what you are saying, but I'm all business when it comes to investing Polybius Feb 10 #31

Do you know how many people said the same thing, and instead tried to find the next Bitcoin, and lost everything? W_HAMILTON Feb 10 #34

Of course Polybius Feb 10 #82

The crypto is just a huge fraud DENVERPOPS Feb 10 #53

Good for you! Abolishinist Feb 10 #84

There's a bar in my city that does not accept cash PoindexterOglethorpe Feb 10 #42

That's illegal in my state. TommyT139 Feb 10 #81

I understand that paper bills wear out and must RubyRose Feb 10 #8

No ProfessorGAC Feb 10 #35

Another stupid red herring to distract and solve nothing. Why haven't you lowered prices Donnie?!?!? dutch777 Feb 10 #10

He's a showman. Everything he does is just a show to entertain stupid people who don't understand it IronLionZion Feb 10 #14

He's the show...Elon is the man! TommyT139 Feb 10 #32

It doesn't seem sustainable to make coins that cost more to produce than they are worth. iemanja Feb 10 #12

they get spent again and again - one dime can buy thousands of dollars during its lifetime Blues Heron Feb 10 #17

That's a good point iemanja Feb 10 #19

Yep. It's the same reason it doesn't necessarily make sense to eliminate the penny just because it costs more... W_HAMILTON Feb 10 #37

Trump don't do math C_U_L8R Feb 10 #13

Apparently no one is advising these decisions IronLionZion Feb 10 #15

The US stopped minting a half-cent coin in 1857. surrealAmerican Feb 10 #16

And inflation means less need for the smaller denominations of coins IronLionZion Feb 10 #20

That Math Doesn't Work ProfessorGAC Feb 10 #36

That was a professorial way of thinking about it. IronLionZion Feb 10 #41

I Worked In Big Business ProfessorGAC Feb 10 #44

Do you do your own taxes? Mosby Feb 10 #46

Yes, But I Don't See The Relevance ProfessorGAC Feb 10 #48

I have one Polybius Feb 10 #25

Does anyone remember "mills"? FakeNoose Feb 10 #76

Interesting. surrealAmerican Feb 10 #80

I think you might be right, it probably had to do with state sales tax FakeNoose Feb 10 #83

IIRC during WWll some pennies were made of a lead alloy...they were actually dark gray in color. brush Feb 10 #18

1943 cents. roamer65 Feb 10 #21

Yes. I remember seeing them in the '50s as a kid. brush Feb 10 #22

I Had A Couple Of Those ProfessorGAC Feb 10 #38

If only we could make lead bullets into pennies...... lastlib Feb 10 #43

Known as steel cents. bucolic_frolic Feb 10 #59

Another poster said thy were steel coated in zinc. Whatever the alloy... brush Feb 10 #69

Yes, zinc coated steel bucolic_frolic Feb 10 #72

OK, doesn't the constitution give the legislative branch the sole responsibility of minting coins? Native Feb 10 #23

Round everything up to a dollar gab13by13 Feb 10 #28

You forgot maxsolomon Feb 10 #58

Make the nickel out of the same stuff we make the penny dsc Feb 10 #29

It's like they didn't think this out. I don't like pennies but many people rely on them underpants Feb 10 #33

Yeah, I solve that problem by almost never using cash LOL NT Happy Hoosier Feb 10 #39

Getting rid of pennies is a good idea. Mosby Feb 10 #47

No American business would round down. maxsolomon Feb 10 #60

Well i did. Mosby Feb 10 #64

You're special. maxsolomon Feb 10 #67

Thanks! Mosby Feb 10 #68

Just the other day I saw a sign at a gas station dweller Feb 10 #50

MaddowBlog-Trump's pennies order adds to list of legally dubious power grabs LetMyPeopleVote Feb 10 #52

Pennies Are Made in Philadelphia Deep State Witch Feb 10 #54

For heaven's sake, just give me all the pennies and nickels and we'll call it even. GreenWave Feb 10 #55

Scrooge Mcduck IronLionZion Feb 10 #75

In an increasingly digital payment system, how do we need 1.4 BILLION nickels a year? bucolic_frolic Feb 10 #57

Do you know what the country needs today? A seven-cent nickel Brother Buzz Feb 10 #61

I mean, that's still cost savings quakerboy Feb 10 #62

Wasn't there a movie Red Mountain Feb 10 #63

This makes no logical sense..any transaction should involve no more than one nickel JT45242 Feb 10 #65

It's more like the prices that end in $.99 will now have to end in $.95 or $.00 IronLionZion Feb 10 #66

That only applies when one is buying one of something plus sales taxes factor in. MichMan Feb 10 #71

They'll just round up the after tax price IronLionZion Feb 10 #73

It would need to be done on the total bill MichMan Feb 10 #74

CNN's 1st report says Trump wants to stop *minting* new pennies; then they call that "phasing it out" muriel_volestrangler Feb 10 #77

This was my take as well genxlib Feb 11 #86

Switzerland got rid of its 1 centime coin in 2007; some Euro countries barely use theirs muriel_volestrangler Feb 10 #79

Except all of those European Countries including Switzerland have a VAT tax standingtall Feb 23 #87

Simple solution. Abolishinist Feb 10 #85