My eldest son sent this to me:
That’s my boy. I am in complete agreement. What I told my son is that the problem is probably some Senator or congressional delegation working to block it so they don’t lose the jobs associated with making these stupid coins.
Personally, I would stop making anything smaller than a quarter, but the penny at least should go. I’d bring back the 50 cent piece in a slightly better configuration, and drop the dollar bill and force people to go to $1 and $2 coins by simply not giving them any more paper bills in those denominations.
Given the current climate and way Washington works, I don’t hold out much hope.
By the way, the guy who did that video has a bunch of really good ones. I’ll probably post some more. I particularly liked his analysis of why a two-party system is a mathematical inevitability within our system of government–I already agreed with this, but he lays it out better than anyone I’ve seen. Lots of other cool stuff there too, though I haven’t waded through all of it.
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It’s funny, I just read this article about pennies a few minutes ago.
http://larryfire.wordpress.com/2012/02/15/did-you-know-that-it-costs-2-4-cents-to-make-one-penny/
It says 2.4 cents to make one and they’re trying to make them cheaper.
Like many ideas, it sounds good but only until you start to examine its potential consequences in appropriate detail.
Not all purchases are paid for by check or account cards. All kinds of small purchases are tendered in cash. Which means pennies, nickels, dimes, quarters, half-dollar coins.
Example: You are in a Shopko waiting for a prescription or whatever. You wander over to the checkout counter eyeballing a candy bar on sale for 89 cents. On top of that, you must pay a state sales tax of 5% and a county sales tax of .5$. So your entire purchase comes to a rounded-off 94 cents. You pay with a $1 bill and get six cents in change, which includes a nickel and a penny. Or maybe your sales bill, including sales taxes, comes to $1.01. You pay with a dollar bill plus a dime, assuming you have no pennies or nickels. So you get back in change a nickel and four pennies.
Forget it.
Arnold Harris
Mount Horeb WI
Round to the nearest nickle. The US military already does it on their bases. Other countries including all of Europe already do it. It’s not a big deal.
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