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Posted 05/02/2019 3:28 pm
I usually take your meaning but not in this case.
It's illogical to remove all the smaller denominations because it would become impossible to make change. Nobody wants to pay $5 for Ramen noodles. The question is what's the largest amount of money people should have to leave behind because there's no smaller denomination. It seems to me that about 10 or 15 seconds of pay at minimum wage is a fairly good number. In any given exchange one party can be hurt but it will generally even out over the long haul. This amount of value is small enough neither party has much incentive to try to abuse it. If it were $5 then everyone would put $2.49 worth of gas in their cars every day for free. We'd have gas lines back.
A penny is worthless. It's actually less than worthless because we spend billions of dollars producing, handling, counting and hauling them out to the trash every year. We'd spend even more if we actually cleaned them up off the streets and parking lots. We make so many billions of pennies because they are less than worthless. I wonder how much money was spent to keep the penny this year or whether any money passes to get poll results like this published. It's exceedingly bad and one sided reporting so any legitimate news organ wouldn't run the story as is. How many people were bothered in their home in a telephone poll and just hung up assuming it was a phony credit card company in Pakistan? How smart on average are people who talk to strangers or pollsters on the phone now days? They can't be very smart since nearly 100% of all calls from strangers are scams and thieves.
Poll results can be anything desired. Without details (that you can believe) results are meaningless. People are lying to pollsters now days and I don't know if they'd lie about their desire for pennies or not. All we know is they are asking unknown groups of people unknown questions and then claiming they want pennies. And they are getting paid big numbers to get the right results from their polls which wouldn't have been reported if the results were different. This looks like more "Soup of the Day Science" and the reported results are meaningless.
The government wants to get rid of cash so these questions are all moot anyway.
It's illogical to remove all the smaller denominations because it would become impossible to make change. Nobody wants to pay $5 for Ramen noodles. The question is what's the largest amount of money people should have to leave behind because there's no smaller denomination. It seems to me that about 10 or 15 seconds of pay at minimum wage is a fairly good number. In any given exchange one party can be hurt but it will generally even out over the long haul. This amount of value is small enough neither party has much incentive to try to abuse it. If it were $5 then everyone would put $2.49 worth of gas in their cars every day for free. We'd have gas lines back.
A penny is worthless. It's actually less than worthless because we spend billions of dollars producing, handling, counting and hauling them out to the trash every year. We'd spend even more if we actually cleaned them up off the streets and parking lots. We make so many billions of pennies because they are less than worthless. I wonder how much money was spent to keep the penny this year or whether any money passes to get poll results like this published. It's exceedingly bad and one sided reporting so any legitimate news organ wouldn't run the story as is. How many people were bothered in their home in a telephone poll and just hung up assuming it was a phony credit card company in Pakistan? How smart on average are people who talk to strangers or pollsters on the phone now days? They can't be very smart since nearly 100% of all calls from strangers are scams and thieves.
Poll results can be anything desired. Without details (that you can believe) results are meaningless. People are lying to pollsters now days and I don't know if they'd lie about their desire for pennies or not. All we know is they are asking unknown groups of people unknown questions and then claiming they want pennies. And they are getting paid big numbers to get the right results from their polls which wouldn't have been reported if the results were different. This looks like more "Soup of the Day Science" and the reported results are meaningless.
The government wants to get rid of cash so these questions are all moot anyway.
Time don't fly, it bounds and leaps.
Edited by cladking
05/02/2019 3:29 pm
05/02/2019 3:29 pm
