Discussion in 'ex-Rag Chew Central' started by KT4LF, May 4, 2012.
"Have a nickel, leave a nickle. Need a nickel, take a nickel".
We should have blank coins all made from aluminum and cut different sizes so they can change value with inflation.
It's not fair that a quarter I put away in 1960 is still only worth a quarter, when back then it might have represented 15 minutes of labor and today it represents about ten seconds' worth.
Or as Uncle Sam would say: "Have $1000? I'll take it, thanks."
No No No Hell No: that would mean every time the price went up it must do it a 5 cents at a time.
What about taxes Think People. We have 9 cents on the dollar it would automatically go to 10 cents. If a tax increase was needed they would have no choice but to go to 15 cents. Every thing would go up that was $X.95 by a nickel. 5 cents on every thing you buy, go to wal-mart buy 35 items on your grocery list that's 35 nickels. That is $1.75 for those in Rio-Linda as Rush would say. In a years time that would some real money.
I quite agree. We had this debate here a few months ago. To those who object, I say come back in a year or two and we'll see if Canada has survived. Smallest coin in New Zealand these days is 10 cents. I think Australia still has a 5 cent.
No. The total gets rounded. At the most, the rounding will increase or decrease the total by 2 cents no matter how much you buy.
I would get rid of penny and nickel.
A good idea, but not likely to happen. Consider the great resistance to dollar coins in this country. Our real religion in this country, I think, is money, and people have attachment to it beyond logic.
It is not possible for the United States to abandon the "penny"! There is no such coin minted for use in the United States now and there never has been such a coin minted. The lowest value coin now minted is the United States One Cent Piece! Many years ago, there was the half-cent but that coin has been abandoned for well over a century and a half.
To make a valid argument, and discussion, on eliminating the lowest value coin, one must use the correct terminology!