No More Pennies
- Thread starter tay1
- Start date
get these nets
Veteran
They've been talking about doing this for years. Older pennies have higher copper content, so more valuable.
Hater Eraser
Veteran
Wargames
One Of The Last Real Ones To Do It
Copper lobby gonna put an end to this. People been talking about this for years and the copper lobby bribes them with things that are not pennies
7th Letter Specialist
Money on my mind, Ain’t nothin for free
Okay. No. That defeats the integrity. We have to have something to represent the most basic unit. You have to be able to count “1”
Right. Unless they make a cheaper currency, this wont work at all. Cashiers gon be in hell if they just got rid of the penny.
I've always supported this idea.
but i also had concerns
large business look for any reason to increase inflation and price gouge. Best believe everything will be rounded up far more than it actually needs to be if this happens.
Prices aren't just going to rounded up from $99.99 to $100.00. they are going every excuse to round up to nearest nickel. So things that cost .91 Cents are not going down to 90. They would instead go up to .95 and so on.
So we will essentially be paying little bit more for everything. That adds up over time.
but i also had concerns
large business look for any reason to increase inflation and price gouge. Best believe everything will be rounded up far more than it actually needs to be if this happens.
Prices aren't just going to rounded up from $99.99 to $100.00. they are going every excuse to round up to nearest nickel. So things that cost .91 Cents are not going down to 90. They would instead go up to .95 and so on.
So we will essentially be paying little bit more for everything. That adds up over time.
Good, I've always hated pennies 
So...
I if I have $999, 999.99.
Without $.01 that would mean I'm not a millionaire.
I if I have $999, 999.99.
Without $.01 that would mean I'm not a millionaire.
VegetasHairline
Veteran
Can we get rid of Elon Musk instead?
Fillerguy
Veteran
So if the federal budget is 6.75 trillion, muskrat will be saving roughly 2 thousandths of our budget. That's .002
The primary reason we haven't done this, is because economically the impact would be hardly noticeable.So if the federal budget is 6.75 trillion, muskrat will be saving roughly 2 thousandths of our budget. That's .002
We would be spending a tiny bit more on everything for essentially no added benefit. other than no longer having to deal loose change.
I think it would be nice, but its not really that big of deal. You don't actually have to use hard currency right now if you don't want to anyway.