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 Replies: 41 / Views: 4,521 |
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Pillar of the Community
Canada
3692 Posts |
Well, if the penny has no value then just chuck the loonie altogether. That's like a jigsaw puzzle of Big Ben without the clock's face! $1 = 100 cents. The Senate should have no problem figuring this out. I'm gonna save my pennies to throw at them once it's edified. I'll definitely get my money's worth on that.
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Valued Member
 Canada
426 Posts |
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I predict the Penny will last longer than the Canadian Senate. Politicians of all parties will make promises they aren't able to keep but...I really hope the promise to reform-or-abolish the senate is kept by the current guys. The yearly half billion dollars in claimable expenses is another great way to save money to boost the economy. There are bigger fish to fry than eliminating the penny. Quote:
If you spend an hour counting up and rolling 1000 cents, you will have $10, and you've already earned this money, so basically you have gained $0. You're better off to flush them down the toilet and put in an extra hour at work. I'm not saying this is how it should be, but it's how it is. With the cost of a plumber to come in and fix your pipes, and having to miss a day at work to accommodate him, you might be down $500 this way. I think you're further ahead rolling 1000 pennies for an hour and gaining $0 :) |
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Pillar of the Community
Canada
1733 Posts |
I have an Australian guest at the moment and I made it a point to slide two Aussie pennies across the table with the comment of "getting my Two Cents in". She laughed and said she doesn't miss them at all. Keep an open mind I suppose. I mean I usually pay for things electronically now and especially here in Canada with the uptake of debit cards being the largest anywhere there's something to be said for at least examining the issue. I'm not saying we should eliminate the cent, I just think we should understand how much it costs to use it, acknowledge that fact and then fire the senate to cover the expense. |
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Valued Member
Canada
426 Posts |
I only started roll hunting in March. Just give me a decade to search then you can take 'em away. :)
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Valued Member
423 Posts |
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If you spend an hour counting up and rolling 1000 cents, you will have $10, and you've already earned this money, so basically you have gained $0. You're better off to flush them down the toilet and put in an extra hour at work. I'm not saying this is how it should be, but it's how it is. Bring them to a machine, it will take you a few minutes. There are free ones or if you have to pay it's not costing you anything anyways considering the alternative. Quote:
There are bigger fish to fry than eliminating the penny. This is the issue. The government wants all focus on problems that will be paid for by the tax payer or will save them money. They always overlook their own huge waste problems. It keeps adding up in their favour. Quote:I have an Australian guest at the moment and I made it a point to slide two Aussie pennies across the table with the comment of "getting my Two Cents in". She laughed and said she doesn't miss them at all. Keep an open mind I suppose. I mean I usually pay for things electronically now and especially here in Canada with the uptake of debit cards being the largest anywhere there's something to be said for at least examining the issue. I'm not saying we should eliminate the cent, I just think we should understand how much it costs to use it, acknowledge that fact and then fire the senate to cover the expense. What is the minimum amount of vacation time in Australian or Europe? I agree with balance, but comparing Australian or Europe to North America just seems off to me. Things are more stacked in business/governments favour already here. I fear the day the banks control the money system. I can't believe the Mint doesn't have to state how much it costs to make the cent, but why should the government be accountable for anything - we will cover it anyways. Plus, you get many uses from a cent and nickel over many years how are they going to calculate that? What about kids getting into a hobby - what's that worth? What about kids having nothing to do and using their energy in not so productive ways? The senate thinking about the cent will only be from their perspective which has been a real huge waste for a long time now. |
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Pillar of the Community
Canada
1733 Posts |
The mint doesn't state an exact figure because they don't really know once the distribution costs are factored in as the movement of coins to points of distribution is not done by one denomination at a time. I mean you might have a truck go out with a little of everything. So they'd have to calculate it based on volume/weight ratios and distance to to distribution points blah blah blah and no one has bothered since they're a Crown Corp and a profitable one at that.
They do know what it costs THEM to make a penny since they bid on jobs for other governments and know their exact materials and labour costs etc.. But like anything actually making something is just the beginning of your overall product costs.
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Valued Member
423 Posts |
^^^ So, the Mint is very profitable and the Banks are very profitable overall; they just want more. Government and business - hand in hand - they might as well be married. Anyways, this is the big pressing issue the senators must discuss? Two very profitable organizations and how to get them more. Good thing the real problems aren't being discussed. If it takes away from charity the cost is greater than the saving. You can drive efficiency to absurdity.
To all the "I hate the cent" people you should get together and at the end of the year give your jars of "worthless" coins to a charity. If 50% of Canadians really think this it would be considerable amount of money and could do some real good. You could make something worthless into something - something a senator could never do and will never do. Even if you only save a dollar it should come out to around 16.5 million dollars to some worthwhile cause. I think it would be much greater dollar wise though.
I say cents and nickels aren't worthless and with a jar and 15 minutes at the end of the year something positive could be done. And you could do it year after year after year.
Why don't the senators get the message out to dump your coins during a certain month and give to charity? Or anything productive. Instead, it's funny how ultimately the government and banking and business will make more at the expense of other things - everything has a cost including getting rid of the cent.
Edited by realpenny
05/27/2010 3:56 pm
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Pillar of the Community
Canada
1733 Posts |
I don't want to make this into a Senate debate per se, but their mandate is actually pretty narrow in terms of what they can investigate. I mean this kind of little exercise is all they are suited for really. I'm frustrated by it because the logistics and costs of the cent can be adequately investigated and reported on by the responsible Crown Corp from a purely logistics point of view.
The other element, which is human behaviour and voter desire is already adequately represented by our MP's (in theory anyhow). So if you want your wishes in this matter known, you write your MP, you sure as heck don't write the Senate committee.
It's all rather a waste of time. Let the Mint investigate and report the factual details, let the people through representation express their desires on the matter in the House.
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Pillar of the Community
Canada
636 Posts |
I dont dare write my M.P again...last time I wrote him approx 3 weeks ago, about my displeasure with the Pardon System compliments of the Parole Board of Canada, he didnt even have the decency to write and acknowledge receiving my email.
Needless to say I won't be voting for this Conservative, I guess its safe to say that he is just another one of Harpers 'puppets on a string'.
Im just so sick and tired of this disfunctional government.
Edited by Dollar1948
05/27/2010 8:30 pm
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Valued Member
Canada
426 Posts |
3 weeks? Patience my friend. It took David McGuinty 16 months to reply to an email I sent him in 2006 about the Afghanistan vote when I lived in his riding. Later when I sent him an email about the coalition attempt in December 2008, I received an email in June 2009 saying "your email titled {Subject} has been deleted without being read".
I was livid!
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Valued Member
Canada
426 Posts |
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Valued Member
Canada
426 Posts |
In case anyone has missed it, here is the latest article of interest to this thread. http://www.thestar.com/news/canada/...e-penny?bn=1Do you think the Toronto Star has paid royalties to the RCM for the picture of the penny in the article and the newspaper? The Star is such a propaganda rag for the Liberal Party that I'm tempted to make the complaint to the RCM :) |
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Pillar of the Community
Canada
3692 Posts |
The problem isn't the penny. It's the purchasing power of the dollar. It doesn't weigh down your pockets, or fall out of your pockets, please. Which is it! This debate makes no cents at all. Pun inc.
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Pillar of the Community
Canada
1554 Posts |
 I feel they should not only get rid of the penny, but also eliminate the nickel too!  Glenn |
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Valued Member
United States
290 Posts |
Not people on this thread seem to care that the govt. has devalued their currency. That is the real problem.
After the cent, it will be the nickel... then the dime... etc.
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Replies: 41 / Views: 4,521 |
First Page
Posted 05/27/2010 11:26 am
