return2ozma@lemmy.world to News@lemmy.world · 20 hours agoStop making cents: US Mint moves forward with plans to kill the pennyapnews.comexternal-linkmessage-square117fedilinkarrow-up1319arrow-down16cross-posted to: usnews@beehaw.orgeconomy@lemmy.world
arrow-up1313arrow-down1external-linkStop making cents: US Mint moves forward with plans to kill the pennyapnews.comreturn2ozma@lemmy.world to News@lemmy.world · 20 hours agomessage-square117fedilinkcross-posted to: usnews@beehaw.orgeconomy@lemmy.world
minus-squareIamSparticles@lemmy.ziplinkfedilinkEnglisharrow-up15·18 hours agoThat isn’t the specific problem. The problem is that you need a way to make up the difference between them. Example: If someone pays $1.00 for something that costs $0.35, how do you make change without a .05 denomination?
minus-squarePyr@lemmy.calinkfedilinkarrow-up14arrow-down2·17 hours agoIt’s the same issue with the penny, you round up or round down. If you have no penny, when taxes on your item make the total equal to $5.03, you pay $5.05. if the total is $5.02 you pay $5.00.
minus-squareIamSparticles@lemmy.ziplinkfedilinkEnglisharrow-up1·3 hours agoSure, but the rounding errors become a lot bigger if you get rid of the nickel.
minus-squareHowAbt2morrow@futurology.todaylinkfedilinkEnglisharrow-up11·17 hours agoTurn the dime into 12.5 cents.
minus-squarerc__buggy@sh.itjust.workslinkfedilinkarrow-up9·edit-213 hours agoBring back the bit! The more I think about it, the more I like it: Eliminate the Penny, Nickel, and Dime Bring back Old West nomenclature IT’S AMERICAN AS FUCK! Will drive the metric nerds absolutely batshit. “Of course we have an eighth* of a dollar, why would we use decimal?!” * I think just the spelling of eighth will spin eurotrash into a tizzy
minus-squareArcher@lemmy.worldlinkfedilinkarrow-up1·1 hour agoThe problem with this proposal is that it could start circulating on Xitter and then become actual policy
minus-squareRestrictedAccount@lemmy.worldlinkfedilinkarrow-up3·15 hours ago🎶Shave and haircut, two bits🎵
minus-squarerc__buggy@sh.itjust.workslinkfedilinkarrow-up2·15 hours agohttps://www.youtube.com/watch?v=z8leYVnk6Gw
That isn’t the specific problem. The problem is that you need a way to make up the difference between them. Example: If someone pays $1.00 for something that costs $0.35, how do you make change without a .05 denomination?
It’s the same issue with the penny, you round up or round down.
If you have no penny, when taxes on your item make the total equal to $5.03, you pay $5.05. if the total is $5.02 you pay $5.00.
Sure, but the rounding errors become a lot bigger if you get rid of the nickel.
Turn the dime into 12.5 cents.
Bring back the bit!
The more I think about it, the more I like it:
* I think just the spelling of eighth will spin eurotrash into a tizzy
The problem with this proposal is that it could start circulating on Xitter and then become actual policy
🎶Shave and haircut, two bits🎵
https://www.youtube.com/watch?v=z8leYVnk6Gw