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In reply to the discussion: Treasury Department set to phase out the penny [View all]underpants
(193,709 posts)117. In Germanic if it said 4 12 or 18 it was that
        We went ice skating. You could skate up to a counter and get warmed wine for 2. It warmed the soul like hot chocolate but the thing with this stuff was that it made you lose your balance fall down.
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        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