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Let's Get Rid Of The Penny


MyOwn

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Canada got rid of its pennies in 2013.

It seemed a little odd at first, but we soon got used to it.

When you use a debit or credit card to pay for something, you pay the exact price. However, when you pay with cash, the amount is rounded off to the nearest nickel. This means that you often gain or lose two cents on a purchase.

Most people don't seem to mind. If you're picky enough to worry about two cents, only use cash when you gain two cents and use your debit or credit card if the rounding costs you two cents.

The end of the penny made little impression on anyone. I don't remember ever even having a conversation with anyone about it. The "no-penny" economy became the new normal overnight, with little or no objection from anyone.

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The penny, nickel and dime can all go away... Round everything, cash, credit or debit to the nearest $0.25 and be done with it.

For that matter, you could do away with the half-dollar and dollar coins as well. No one uses them and collectors are mostly the people who want them.

Edited by GPBusa
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What next, the $1 bill?  It's been discussed & debated.  

Currency without the gold standard is only a promissory note to pay. 

Unfortunately, currency is on the way out folks.

Once that happens, the resulting electronic economy will allow Big Brother to track every cent.

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I had a dream about 7yrs ago. People in places, destroyed all the worlds economies, simply to come back to the penny, because it was the currency with the highest intrinsic value.... in this dream, the penny became the new world standard...Sadly, after waking from this dream, I looked up what a penny was made of, and it was no longer made out of just copper....

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