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re: John McCain and Mike Enzi Reintroduce The COINS Act To Kill The Penny and Move To $1 Coin
Posted on 3/30/17 at 12:38 pm to the LSUSaint
Posted on 3/30/17 at 12:38 pm to the LSUSaint
I am in favor so long as a minority is placed on the new coin.
0
Posted on 3/30/17 at 12:40 pm to the LSUSaint
quote:
I can see the value in eliminating the penny production, but how is a dollar coin cheaper than printing bills?
Personally, I think the nickel should be eliminated as well. Just round the shite up or down the the next 10th.
Are you serious bro? What's happened to critical thinking skills?
Paper US currency lasts on average 5.9 years at which point it's collected and destroyed as unusable.
The average coin, on the other hand remains in circulation for 30 years.
So, you tell me , what would be the advantages of only having to replace money every 30 years as opposed to every 6 years.
Posted on 3/30/17 at 12:40 pm to Bench McElroy
thats loonie
Posted on 3/30/17 at 12:41 pm to stuntman
quote:
Strippers gonna be pissed. Ever tried to pick a coin up w your arse cheeks?
There was one at the gold club in Atlanta that I bet $20 she couldnt grab a quarter off the table with her lady parts.
I lost that bet.
This post was edited on 3/30/17 at 12:43 pm
Posted on 3/30/17 at 12:42 pm to Covingtontiger77
quote:
Important ground breaking work by the King of Cucks.
I guess when you are losing it upstairs you glom on to things that make you feel still relevant.
That's fine IMO. This can be McCain's legislative claim to fame. I hope he spends the rest of his years on this issue. It's a lot safer issue than him trying to undermine every conservative GOP initiative and starting WWIII with Russia.
Go McCain. Show us how to mint some coins.
Posted on 3/30/17 at 12:46 pm to Covingtontiger77
quote:my exact thoughts
Important ground breaking work by the King of Cucks.
i will say producing pennies, nickels and dimes is a waste of money, but if you get rid of them how will black people tip their waiters
I kid I kid. Posted on 3/30/17 at 12:47 pm to funnystuff
quote:
I mean, y'all can be sarcastic and condescending all you want, but this is actually a good bill. It's nonsensical that pennies cost more to produce than they are worth,
That may be true, but the issue is priorities. The republic is teetering on the brink of falling apart economically. socially, culturally and morally, but lets focus on how pennies don't make sense.
Posted on 3/30/17 at 12:50 pm to BamaCoaster
quote:
It is just a step towards a cashless society, which the powers (banks) want.
"And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name." (Revelation 13:17)
Can't do that with coins, but with a cashless society it's quite easy.
Posted on 3/30/17 at 12:56 pm to Bench McElroy
It's a good bill. Pennies aren't even worth picking up and one dollar bills will last much longer in coin form ( for those people who still use real money )
Posted on 3/30/17 at 12:58 pm to Dale51
quote:
The republic is teetering on the brink of falling apart economically. socially, culturally and morally
Histrionics are rarely helpful.
Posted on 3/30/17 at 1:05 pm to HeyHeyHogsAllTheWay
quote:we have both, and nobody uses coins.
You dumb or something? It's MUCH MUCH cheaper for us to use coins rather than paper money.
just do paper.
Posted on 3/30/17 at 1:06 pm to BamaCoaster
quote:
They cost more to print than they are worth.
This is just admitting that inflation is becoming too much.
They were making the dollar coin a decade ago. That obviously didn't go well.
Posted on 3/30/17 at 1:07 pm to Bench McElroy
McCain is out of his god damn mind BTW talk about getting your priorities in order.
and all the time we hear from these assholes, well $100 billion isn't that much relative to things. but I've heard that about so many things, and it's about what you can get for the money as well.
so with that context, McCain wants to get rid of pennies to save what he would previously describe as "pennies" fricking a-hole
talk about getting your priorities in order. and all the time we hear from these assholes, well $100 billion isn't that much relative to things. but I've heard that about so many things, and it's about what you can get for the money as well.
so with that context, McCain wants to get rid of pennies to save what he would previously describe as "pennies"
fricking a-hole
Posted on 3/30/17 at 1:08 pm to Covingtontiger77
quote:i love the team r guys that pretend they weren't bashing libtards nine years ago when team d was blasting his war record.
Important ground breaking work by the King of Cucks.
I guess when you are losing it upstairs you glom on to things that make you feel still relevant.
Posted on 3/30/17 at 1:09 pm to DelU249
Here is most likely a dumb question. If you pay cash for something that requires a penny to be involved in the change you get back, does the vendor get to keep the extra .01 to .04 or would the price round down which would "help" the consumer? I know we are talking pennies here and I don't really care that much...just curious.
Or maybe all prices would only be able to be in increments of $.05?
Or maybe nothing would change because there are still a ton of pennies in the world to use at this time.
Or maybe all prices would only be able to be in increments of $.05?
Or maybe nothing would change because there are still a ton of pennies in the world to use at this time.
This post was edited on 3/30/17 at 1:13 pm
Posted on 3/30/17 at 1:25 pm to Bench McElroy
Pennies are terrible. Their only use is to prevent you from getting more pennies. They should have been taken out of circulation years ago. Lincoln is on the $5 bill also, so what is the holdup?
However, this 2012 GOA study determined that it would take almost 15 years to see a financial benefit from switching from $1 bills to $1 coins. It also acknowledges that "the growing use of electronic payments... results in a lower demand for cash and lower net benefit." So, you might have to stretch that out to almost 20 years. There are also private sector cost considerations (vending machines, etc.). I don't like carrying coins, so count me out.
LINK
However, this 2012 GOA study determined that it would take almost 15 years to see a financial benefit from switching from $1 bills to $1 coins. It also acknowledges that "the growing use of electronic payments... results in a lower demand for cash and lower net benefit." So, you might have to stretch that out to almost 20 years. There are also private sector cost considerations (vending machines, etc.). I don't like carrying coins, so count me out.
LINK
Posted on 3/30/17 at 1:32 pm to BestBanker
quote:
Is this all they can do for us today
Does it save the US taxpayer money? If so, then I'm all for it.
Trumpkins have been telling me every little bit counts.
Posted on 3/30/17 at 1:37 pm to Bench McElroy
This is a ridiculous thing to be focused on right now, but we do need to get rid of the penny. It's a waste of money to continue making it.
Posted on 3/30/17 at 1:39 pm to BayouBlitz
quote:
Does it save the US taxpayer money? If so, then I'm all for it.
Trumpkins have been telling me every little bit counts.
Totally with you on this. This would help save money overall, so it should happen.
They could save a lot more money if they tackled something like our wasteful postal service, but this is still something.
Posted on 3/30/17 at 1:46 pm to Bench McElroy
I visited Canada recently and like how they use $1 and $2 coins and dont have pennies and round up.
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