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 Replies: 67 / Views: 8,041 |
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Moderator
 United States
188761 Posts |
They do not have to tell the public anything. Just stop minting them. Stores run out of cents all the time; this time it is for good.  |
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Pillar of the Community
United States
2207 Posts |
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Valued Member
United States
110 Posts |
Eliminating the penny would tell the public that it is no longer needed. It would show the public that prices have risen so much over the decades that having a penny doesn't make sense.
So I don't believe this will happen, because the gov't doesn't like to admit rising prices.
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Moderator
United States
188761 Posts |
Just because they do not admit prices have risen does not change the fact that prices have risen. Kill the cent now. Older people may never get over it. Younger people will certainly get over it. Those not born yet will look back at the cent like we do the Half Cent today. "What was the fuss?"  |
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Bedrock of the Community
United States
17884 Posts |
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Eliminating the penny would tell the public that it is no longer needed. It would show the public that prices have risen so much over the decades that having a penny doesn't make sense. And you think the people don't already know that prices have risen that much? It WILL happen eventually. The question is how much we will have to waste on each one before we finally say enough is enough. We lose 100% but we still keep it. Will we keep it when we are losing 500%? 1000%? At some point the loss will be great enough we will The loss on the Half Cent was in the 200% or so range when it was eliminated. |
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Valued Member
United States
110 Posts |
Quote:It WILL happen eventually. The question is how much we will have to waste on each one before we finally say enough is enough. We lose 100% but we still keep it. Will we keep it when we are losing 500%? 1000%? At some point the loss will be great enough we will The loss on the Half Cent was in the 200% or so range when it was eliminated. Yeah, I agree completely. At some point it would be too wasteful even for the government. The gov't hates change though, no matter how simple of a change it could be. I remember reading that a 14 year old figured out a way for the federal government to save millions (I forget the exact amount of the top of my head) just by changing the font style on their documents. |
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Moderator
United States
188761 Posts |
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The gov't hates change though, no matter how simple of a change it could be. It has nothing to do with resistance to change and everything to do with the self interest of elected officials. If it pays them to change, then change will happen. |
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Valued Member
United States
110 Posts |
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It has nothing to do with resistance to change and everything to do with the self interest of elected officials. If it pays them to change, then change will happen. I guess you are right again! Just look how far we have come from a Constitutional Republic! We have had lots of changes over the years, but only change that benefits the special interest groups and lobbyists. |
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Pillar of the Community
United States
2651 Posts |
The US doesn't make Pennys.
I love Lincoln Cents.
The End
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Valued Member
United States
234 Posts |
I think it would make sense to get rid of the cent and the dollar bill and have a dollar coin. We would save money on maintaining printed bills and save on getting rid of the cent and have all prices rounded to the nickel.
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Valued Member
United States
110 Posts |
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I think it would make sense to get rid of the cent and the dollar bill and have a dollar coin. We would save money on maintaining printed bills and save on getting rid of the cent and have all prices rounded to the nickel. What would that dollar coin be made of? Would it be the current dollar coins that are circulated today? I would like a government that doesn't waste (much) money, but I don't believe our government should make our money as cheaply as possible. In fact, I would like money that actually costs something to produce. That would give it value outside of just the confidence of the dollar . |
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Moderator
United States
188761 Posts |
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I guess you are right again! Just look how far we have come from a Constitutional Republic! We have had lots of changes over the years, but only change that benefits the special interest groups and lobbyists. Exactly. Quote:
I think it would make sense to get rid of the cent and the dollar bill and have a dollar coin. We would save money on maintaining printed bills and save on getting rid of the cent and have all prices rounded to the nickel. You get it!  Quote:
What would that dollar coin be made of? Would it be the current dollar coins that are circulated today? There is nothing wrong with the dollar coin we have now. Its only failure is having to compete with the one dollar note. Get rid of the note, like Canada did in 1987, and the dollar coin will circulate well.  |
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Pillar of the Community
United States
1358 Posts |
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Moderator
United States
188761 Posts |
Oh no! Not another Penny v. Cent debate!  |
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Pillar of the Community
United States
1358 Posts |
Okay okay   |
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Replies: 67 / Views: 8,041 |
First Page
Posted 02/16/2015 5:54 pm
