Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
Editorials & Other Articles
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Latest Breaking News
In reply to the discussion: Treasury Department set to phase out the penny [View all]
cabotnn22
(152 posts)108. Good
Canada got rid of them years ago; we're fine.
Edit history
Please sign in to view edit histories.
Recommendations
1 members have recommended this reply (displayed in chronological order):
159 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
RecommendedHighlight replies with 5 or more recommendations
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
RecommendedHighlight replies with 5 or more recommendations
Noooooo, I love pennies and used to have several of those folding blue collector books of them (lost in a move)...
wcmagumba
May 2025
#1
What the fuck are you talking about? People do accept their change in pennies.
SunSeeker
May 2025
#23
"And if you tried to round down it would be considered theft or shoplifting."
stopdiggin
May 2025
#112
You make my point. You pay what the store tells you, or you get no groceries.
SunSeeker
May 2025
#132
No. Which is why I oppose getting rid of pennies when there is no law in place requiring rounding up AND down.
SunSeeker
May 2025
#141
this is an opinion piece (not sourced to the Fed, the CBO, nor any other recognized 'authority' )
stopdiggin
May 2025
#146
The research by Penn State economist Ray Lombra, and more recently by Georgetown fellow Robert Shapiro are not opinion.
SunSeeker
May 2025
#147
Wrong. The rounding in Canada is mandated by law and consumers and merchants love it. It's neutral.
Bernardo de La Paz
May 2025
#35
Eliminating healthcare has nothing to do with eliminating the penalty. The poor would lose no pennies on bread
Bernardo de La Paz
May 2025
#89
The law that would be required to eliminate the penny would have to be proposed, passed and enacted. . . . nt
Bernardo de La Paz
May 2025
#96
The Bill regarding elimination of the penny was introduced in the House in February of this year
Bernardo de La Paz
May 2025
#110
Here is the bill for the proposed law. Yes, it includes rounding in both directions, as is expected and sensible.
thesquanderer
May 2025
#116
That proposal would still make people pay 5 cents for anything that costs 1-4 cents. But better than no law.
SunSeeker
May 2025
#119
There will probaby be nothing in a store priced to allow people to round down if such a law passed.
SunSeeker
May 2025
#148
Of course many prices round up. But generally things are just as likely to round down, so it works out even.
thesquanderer
May 2025
#150
Rounding does not "work out even" in actual practice; the total is most often rounded up.
SunSeeker
May 2025
#151
re: Dollar Tree's $1.25 w/ sales tax $1.37, rounding to $1.40? No, $1.37 rounds to $1.35.
thesquanderer
May 2025
#152
It rounds to $1.40 with no rounding law in place, which is the US situation now.
SunSeeker
May 2025
#153
It's a Trump sycophant majority who is cutting Medicaid. You think they'll get right on that rounding legislation?
SunSeeker
May 2025
#157
No. It does not work that way. Nonsense. The law in Canada mandates rounding, which balances out
Bernardo de La Paz
May 2025
#34
You are the one spreading nonsense. We are not Canada. We have no such law. nt
SunSeeker
May 2025
#90
I never claimed the US had such a law. We are discussing the proposal to eliminate the penny.
Bernardo de La Paz
May 2025
#94
Healthcare has nothing to do with eliminating the penny. The poor won't lose 4 cents on bread
Bernardo de La Paz
May 2025
#100
Eliminating the penny is much simpler than ANY of those. Obviously. . . . nt
Bernardo de La Paz
May 2025
#125
Yes, as you say. It balances out, it's automatic in cash register, which is told cash or card
Bernardo de La Paz
May 2025
#36
absolutely not. the sales tax figure remains - 11 cents (which is of course bundled into your purchase price)
stopdiggin
May 2025
#20
No. Bill added up, tax computed, final amount rounded plus/minus to 5 cents not ten, and only if cash.
Bernardo de La Paz
May 2025
#37
When I was in Germany 40 years ago there wasn't a lot of US coin change around for the PX.
Jacson6
May 2025
#74
Not a problem, no complication. Half the time the customer's bill is rounded down, the other half rounded up
Bernardo de La Paz
May 2025
#33
When Nixon told the nation to stop hoarding pennies, my wife began hoarding them in earnest.
Bo Zarts
May 2025
#4
ONLY on cash purchases. and, even there, on any purchase greater than we'll say 2 or 3 dollars
stopdiggin
May 2025
#25
The lack of concern for the poor who do not and will not have the access to credit cards, debit cards,
hlthe2b
May 2025
#26
It's neutral. Half the time it rounds down; other half time rounds up. Canadians are happy with the move years ago. . nt
Bernardo de La Paz
May 2025
#30
There is still a cash economy that is hard for many to remember--for the poorest among us.
hlthe2b
May 2025
#39
It's on the bill. The poorest in Canada have no problem with it. It's neutral, by law and automatic in the register. nt
Bernardo de La Paz
May 2025
#40
This isn't Canada. And our "conservatives" are in no way comparable or even rational as your worst.
hlthe2b
May 2025
#41
US cash registers work the same as Canadian. Probably made and programmed in US. And DONT SMEAR ME
Bernardo de La Paz
May 2025
#46
Cash registers ring up the prices the owner charges. THis is idiotic, Bernard. I thought you had compassion.
hlthe2b
May 2025
#48
Look, I hate what Trump's policies are doing to Canadian-American relationships, but then you post this?
hlthe2b
May 2025
#57
This thread is about eliminating the penny. Dragging irrelevant policies into the discussion is a distraction.
Bernardo de La Paz
May 2025
#68
"Negligible" to you and I who are so little affected-not so much for the "cash economy." I wish we still had Bobbolink
hlthe2b
May 2025
#38
How about you stop using Republicon naming of the Big Bum Bill, which this has NOTHING to do with.
Bernardo de La Paz
May 2025
#49
It is additive. Just like tariffs and every single policy in that bill that will decimate the poor.
hlthe2b
May 2025
#51
It is not additive. You can't prove that. You haven't even tried to prove that. It is neutral
Bernardo de La Paz
May 2025
#60
Says the Canadian who despite all of DU bemoaning Trump's damage to US-Canadian relationships
hlthe2b
May 2025
#62
You are not worth my time. It was clearly highlighted in your previous posts. BYE.
hlthe2b
May 2025
#66
Should your personal attack be alerted? I'm not going to alert your post #66
Bernardo de La Paz
May 2025
#69
I made no personal attack, quite the opposite in ignoring your attacks* and hoping a future will resolve
hlthe2b
May 2025
#71
Not NOW you are not. Just posting the same thing over and over and over--ignoring my points & issues.
hlthe2b
May 2025
#76
You are the one repeating. I made points that you have not refuted. You repeat points I have refuted.
Bernardo de La Paz
May 2025
#81
You mischaracterize me regarding the poor. When something is neutral to the poor it does NOT discount their plight
Bernardo de La Paz
May 2025
#73
You were the first to mention tariff taxes in posts 38 and 48. . . . nt
Bernardo de La Paz
May 2025
#83
Count me opposed. Since when is creating currency or coin supposed to be at virtually no cost?
hlthe2b
May 2025
#8
It's neutral, it's automatic, Canadians love it, it saves EVERYONE time and bother. You have no points to make. nt
Bernardo de La Paz
May 2025
#42
This isn't Canada. GO read the Big Beautiful bill and the harms that will come to that population and
hlthe2b
May 2025
#45
It is additive. As is a lack of compassion for the impacts (EFFECTS if you prefer) to the poor.
hlthe2b
May 2025
#53
Getting rid of the penny is not additive. It is neutral and makes life easier. There are no "additive" effects.
Bernardo de La Paz
May 2025
#63
Repeating your retort that tries so damned hard to reframe my point to your desired argument is so meaningless.
hlthe2b
May 2025
#65
You have not been understanding that eliminating the penny is neutral and people like it where it has been done. nt
Bernardo de La Paz
May 2025
#70
Even reframing the use of the word "understanding..." as I used in my responses
hlthe2b
May 2025
#78
Fine. You have not been understanding of me. You have not understood that I am using economics and mathematics.nt
Bernardo de La Paz
May 2025
#84
Well then you should like Georgetown economist Robert Shapiro's study finding that eliminating the penny hurts the poor.
SunSeeker
May 2025
#149
Thx. The Joys of Being Wrong, the diligence of DUer "SunSeeker", and the Elimination of the Penny
Bernardo de La Paz
May 2025
#158
No problem with nickels in Canada. Yes, Canadian Treasury is revenue neutral bc rounding evens out in long run. nt
Bernardo de La Paz
May 2025
#44
It is entirely neutral for the poor. It rounds out, it is automatic, it is no cost. Experience proves it. . nt
Bernardo de La Paz
May 2025
#50
I am referring to the proposal of eliminating the penny which would be enacted by a law.
Bernardo de La Paz
May 2025
#87
So you're just making shit up. There is no US law requiring split rounding. nt
SunSeeker
May 2025
#88
The OP is about a proposal. The proposal is not shit. It is practical. It would be enacted by law. . . .nt
Bernardo de La Paz
May 2025
#91
The elimination of the penny would require a law rounding cash transactions. This is obvious.
Bernardo de La Paz
May 2025
#97
Tell that to Trump, who eliminated the penny via social media post, with no law in place. nt
SunSeeker
May 2025
#123
Got any more practical suggestions? He did not eliminate it. Be real. . . . nt
Bernardo de La Paz
May 2025
#126
It's not my suggestion. Trump tweeted he was ending penny production and Treasury complied. All illegal of course.
SunSeeker
May 2025
#128
He can order the tide to recede if he likes. That doesn't make it real. A tweet is not an Executive Order.
Bernardo de La Paz
May 2025
#131
When I was stationed in Germany the US stopped sending pennies to the base banks.
SeattleVet
May 2025
#43
The rounding from the elimination of pennies would be on final transaction, not on prices. . . . nt
Bernardo de La Paz
May 2025
#111
Irrelevant: "costs more to manufacture than the coin is worth." That would only matter if the coin was only used
FSogol
May 2025
#98
these are a few countries that have dropped their equivalent of teh penny
moonshinegnomie
May 2025
#106
Nope. Nobody gives or takes pennies, esp not underground. Most were redeemed at banks. . . .nt
Bernardo de La Paz
May 2025
#115
They say it costs four cents to make each penny. Why not just offer everyone two cents for every penny they turn in.
twodogsbarking
May 2025
#107
Massive cash contributions from copper-mining firms to trump in 10, 9, 8, 7... (nt)
Paladin
May 2025
#138