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re: What is driving coin shortage?

Posted on 7/4/20 at 9:20 pm to
Posted by Klingler7
Houston
Member since Nov 2009
12106 posts
Posted on 7/4/20 at 9:20 pm to
John clayton from ESPN is collecting quarters in a 55 gallon drum. Why don’t we just do away with pennies and round prices to the nearest 0.05 cent. Cashiers can’t count most of the time.
Posted by BRgetthenet
Member since Oct 2011
117937 posts
Posted on 7/4/20 at 9:31 pm to
quote:

Why don’t we just do away with pennies and round prices to the nearest 0.05 cent. Cashiers can’t count most of the time




Let’s just eat our own shite, while we’re at it.
Posted by wareaglepete
Lumon Industries
Member since Dec 2012
12283 posts
Posted on 7/4/20 at 11:30 pm to
round prices to the nearest 0.05 cent
quote:

round prices to the nearest 0.05 cent


Yes. Elect me and I will put this into place. Penny production will be halted and every cent would be ironclad earmarked to pay towards the National debt. It is a good idea.

Fed says there are an average of 14 trillion transactions per day. Say you only averaged $0.01 per by rounding up to nearest $0.05. You could pay off the debt in a year or two, then start using it to fund the government. No more income tax and you wouldn’t even feel it.

Be stupid not to do it.
This post was edited on 7/4/20 at 11:40 pm
Posted by Muthsera
Member since Jun 2017
7319 posts
Posted on 7/5/20 at 9:37 am to
quote:

Why don’t we just do away with pennies and round prices to the nearest 0.05 cent.


Can we skip ahead to rounding to the nearest $0.50? What use does anyone have for nickels or dimes besides babies who want to shove something up their nose or poors and their scratchy-lottos?
Posted by MikeBRLA
Baton Rouge
Member since Jun 2005
16658 posts
Posted on 7/5/20 at 10:12 am to
quote:

Why don’t we just do away with pennies and round prices to the nearest 0.05 cent.


quote:

Cashiers can’t count most of the time


Neither can you apparently. Rounding to the nearest 0.05 of a cent (5/100s of a cent) as you suggest wouldn’t solve anything.
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