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re: Trump has instructed Secretary of US Treasury to stop producing pennies
Posted on 2/9/25 at 8:50 pm to aTmTexas Dillo
Posted on 2/9/25 at 8:50 pm to aTmTexas Dillo
With the reduction in cash transactions I would think the current supply of pennies should last quite a while.
I mean, they don't wear out in a couple years and relatively few people use cash compared to ten or twenty years ago.
I mean, they don't wear out in a couple years and relatively few people use cash compared to ten or twenty years ago.
2
Posted on 2/9/25 at 8:51 pm to Rattlehead82
quote:
"The Penny has Lincoln on it and Lincoln freed the slaves. This is racist! REEEEEEE!" - Some leftist or "principled moderate" somewhere
The Left claims Lincoln because of the “Party Switch”.
This post was edited on 2/9/25 at 8:52 pm
Posted on 2/9/25 at 8:53 pm to BuckyCheese
I've got few bags I need to cash in 
Started telling cashiers to just keep them
Started telling cashiers to just keep them
Posted on 2/9/25 at 8:54 pm to finchmeister08
quote:
The Left claims Lincoln because of the “Party Switch”.
They were still trying to tear down his statues a few years ago
Posted on 2/9/25 at 8:54 pm to BuckyCheese
Posted on 2/9/25 at 8:55 pm to Bobby OG Johnson
zOMG, literally hitler!!!!!!!
Posted on 2/9/25 at 8:56 pm to Runner1
quote:
Somehow this is racist. I’m not sure yet how but I’m sure by morning they will have talking points.
Wrong. It is clearly sexist... see, women earn 76 cents to the male dollar. Now she only makes 75 cents.
Posted on 2/9/25 at 8:56 pm to Bobby OG Johnson
Penny Lover now cost a nickel. Signed Lionel Richie
Posted on 2/9/25 at 8:56 pm to Bjorn Cyborg
quote:
Makes sense.
Posted on 2/9/25 at 8:57 pm to Bobby OG Johnson
Nickels and dimes are pointless too.
Posted on 2/9/25 at 8:58 pm to LRB1967
Clerk: That will be $5.98.
My wife (no pics): Here’s a $5, hold on I have the $0.98 cents. Starts digging thru her purse.
My wife (no pics): Here’s a $5, hold on I have the $0.98 cents. Starts digging thru her purse.
Posted on 2/9/25 at 9:03 pm to FightinTigersDammit
quote:
The half cent on the sales tax is what makes up the extra penny
I'm aware. The price on the can is $0.99. The point is there are no longer half cent coins (there used to be) so I save the half cent on the rounding if I only buy 1. I'd imagine something similar would happen if enough pennies fell out of circulation (will probably take a while)
Posted on 2/9/25 at 9:06 pm to Bobby OG Johnson
Leading to the end of cash
Will also cause taxes to increase because they will round up
Will also cause taxes to increase because they will round up
This post was edited on 2/9/25 at 9:09 pm
Posted on 2/9/25 at 9:08 pm to Quidam65
quote:
Nah, they'll just be a dollar.
Prices are quoted at $X.99 because it sounds cheaper. Psychology doesn't change.
We'll also see the still see .99 for items that are sold in quantities of 5.
Posted on 2/9/25 at 9:08 pm to BobABooey
quote:
But Lincoln was a Republican
Not according to lying Chatgpt.
Posted on 2/9/25 at 9:10 pm to Loserman
quote:
Leading to the of cash Will also cause taxes to increase because they will round up
Here, where I live, gasoline is $2.789 (guess, i haven't left the house today)
It already rounds up.
Pennies cost more to make than they are worth. There's plenty enough to worry about as to when or if we go cashless- this isn't one of those harbingers, though.
Btw- I like cash, would never want to be in a cashless society.
Posted on 2/9/25 at 9:10 pm to Bobby OG Johnson
How am I gonna save 16 cents on my July 4th cookout without pennies?
Posted on 2/9/25 at 9:12 pm to Quidam65
quote:
Nah, they'll just be a dollar.
No, they will be x.95. Clearly you don't understand why things are X.99 vs X.00.
It's because dumb people sse 3.9X and thinks it's a better deal than 4.00 even though they're basically the same number. They think they are getting better value.
So, with that principle in mind, prices will obviously go to .95 instead of .99.
Posted on 2/9/25 at 9:19 pm to Barstools
Does that mean tax on the dollar goes from $.07 (here) to $.10?
Posted on 2/9/25 at 9:22 pm to Bobby OG Johnson
If he can do this. Can he instruct them to stop issuing US Treasurys?
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