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Posted: 2/14/2013 8:30:06 PM EDT
[#1]
Quoted:
Quoted:
Give us a $500 bill. That will never happen, to easy to move large amounts of cash around. I can't think of too many places where one would do cash transactions large enough to require a $500 bill. I personally refuse to carry that much cash on me at a time. |
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Posted: 2/14/2013 8:31:40 PM EDT
[#2]
However fractionally, it raises the prices on all goods. This helps nothing and gives the govt. another instant tool to create insant inflation, sucking more value out of your purchasing power. If our government can't mint coinage that holds its "value", there are obviously alot more problems with that currency and credit than whether or not it should continue making a particular denomination.
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Posted: 2/14/2013 8:32:11 PM EDT
[#3]
Quoted:
Quoted:
Obama wants to get rid of the penny. I'm OK with that for two reasons. 1. I can't remember the last time I used a penny. I pay for all that I can on the credit card as I earn miles on it 
2. I'm hoping all that freed up copper can go towards brass for ammo so supplies will increase and prices will drop. People here cool with this? http://news.yahoo.com/blogs/ticket/obama-suggests-open-getting-rid-penny-234637403--politics.html   
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Posted: 2/14/2013 8:33:23 PM EDT
[#4]
I was gonna add my 2 cents to this thread.
But they no longer exist.
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Posted: 2/14/2013 8:34:41 PM EDT
[#5]
Quoted:
They'll just raise prices to land on the .05$ Yep, that's a downside. |
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Posted: 2/14/2013 8:36:35 PM EDT
[#6]
Did you ever read the story about how Rockefeller made a fortune by using 21 drops of solder on barrels of oil instead of 22 drops?
Workers were using 22 drops, he came up with a scheme to use less and saved or profited in the end simply because he was selling millions of barrels of oil. The velocity of money in the US when pennies are factored in add up to millions. I imagine those millions are made for states in sales taxes... Or corporations with a high velocity of cash sales business.  |
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Posted: 2/14/2013 8:59:37 PM EDT
[#7]
If zero want to get rid of the penny, then I'm against it.
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Posted: 2/14/2013 9:04:54 PM EDT
[#8]
Quoted:
Quoted:
Obama wants to get rid of the penny. I'm OK with that for two reasons. 1. I can't remember the last time I used a penny. I pay for all that I can on the credit card as I earn miles on it
2. I'm hoping all that freed up copper can go towards brass for ammo so supplies will increase and prices will drop. People here cool with this? http://news.yahoo.com/blogs/ticket/obama-suggests-open-getting-rid-penny-234637403--politics.html He's a twelver. You've got to come to expect these types of things from twelvers. |
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Posted: 2/14/2013 9:20:05 PM EDT
[#9]
How is it possible to get rid of the penny? If tax wasn't a % of price, it would be possible because everything could just be rounded up or down but because tax is a % of price, you absolutely have to be able to pay x1, x2, x3, x4, x6, x7, x8, x9 cents. Can't do this without the penny.
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Posted: 2/14/2013 9:26:58 PM EDT
[#10]
Quoted:
"A penny earned is a penny..."
Wait, they let us raise the debt ceiling again? "A nickel earned is a nickel saved." You have that expression backwards. "A penny saved is a penny earned." |
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Posted: 2/14/2013 9:27:46 PM EDT
[#11]
Quoted:
How is it possible to get rid of the penny? If tax wasn't a % of price, it would be possible because everything could just be rounded up or down but because tax is a % of price, you absolutely have to be able to pay x1, x2, x3, x4, x6, x7, x8, x9 cents. Can't do this without the penny. % changes also make for tenths of cents (like gas). How do we currently get by without a something smaller than a penny? We would just start rounding to the nearest tenth of a dollar rather than a hundreth of a dollar. |
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Posted: 2/14/2013 9:31:24 PM EDT
[#12]
2. I'm hoping all that freed up copper can go towards brass for ammo so supplies will increase and prices will drop.
Ha Ha Ha, Dream on. 
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Posted: 2/14/2013 9:53:01 PM EDT
[#13]
Quoted:
Quoted:
Quoted:
If the penny gets phased out...how do I get my .04 cents?
Quoted:
What happens when I purchase something that is $2.96 and I give them $3.00? Know how I know you're being sarcastic? Because nobody is that stupid.
The military has been doing it for years overseas. It's not rocket surgery. In 1988 and 89' I never saw a penny in Germany on base. Everything was rounded to a nickel. Know what? Didn't even miss it. Pennies are a waste of money. |
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Posted: 2/14/2013 9:55:35 PM EDT
[#14]
What's a twelver?
I hope it's not 2.4 Fivers.
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Posted: 2/14/2013 10:03:47 PM EDT
[#15]
JC is NOT happy about this......
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Posted: 2/14/2013 10:04:40 PM EDT
[#16]
Damn Lincoln just can't catch a break,the only American President to be assassinated twice
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Posted: 2/14/2013 10:12:10 PM EDT
[#17]
Dam that looks so good. I wanna piece of that. |
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Posted: 2/14/2013 10:18:15 PM EDT
[#18]
I guess we could bring this one back:
or |
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Posted: 2/14/2013 10:42:46 PM EDT
[#19]
Quoted:
Quoted:
What happens when I purchase something that is $2.96 and I give them $3.00? Know how I know you're being sarcastic? Because nobody is that stupid. You must be new to these threads. |
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Posted: 2/14/2013 10:45:46 PM EDT
[#20]
Quoted:
How is it possible to get rid of the penny? If tax wasn't a % of price, it would be possible because everything could just be rounded up or down but because tax is a % of price, you absolutely have to be able to pay x1, x2, x3, x4, x6, x7, x8, x9 cents. Can't do this without the penny. Gas is priced in tenths of a cent. Have you ever ultimately paid in tenths of a cent? Do you think you were robbed? Do we need 1/10 cent coins? |
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Posted: 2/14/2013 10:45:49 PM EDT
[#21]
I'm opposed to anything that idiot supports. |
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Posted: 2/14/2013 10:49:42 PM EDT
[#22]
Quoted:
I'm opposed to anything that idiot supports. Yet you can't separate an argument or position from a person who supports it. So, plenty of idiocy to go around. |
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Posted: 2/14/2013 10:51:26 PM EDT
[#23]
Quoted: This bullshit gets posted every year. This. Fucking obviously. |
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Posted: 2/14/2013 10:52:21 PM EDT
[#24]
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Quoted:
I'm opposed to anything that idiot supports. Yet you can't separate an argument or position from a person who supports it. So, plenty of idiocy to go around. You already know that I've long considered you a moron, so I don't know why you even bother commenting on my post. |
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Posted: 2/14/2013 10:56:23 PM EDT
[#25]
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Quoted:
I'm opposed to anything that idiot supports. Yet you can't separate an argument or position from a person who supports it. So, plenty of idiocy to go around. You already know that I've long considered you a moron, so I don't know why you even bother commenting on my post. I guess I just love irony that much. |
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Posted: 2/14/2013 10:58:51 PM EDT
[#26]
I still use a penny to screw in my TLR-3
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Posted: 2/15/2013 4:01:21 AM EDT
[#27]
So does anyone know where you can buy bricks of 2013 pennies from? ($25 box worth)
Time to start hoarding pennies now. They're the new Pmags!!!
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Posted: 2/15/2013 8:31:19 AM EDT
[#28]
Quoted:
It's a start. Give us a $500 bill. We can use that to buy a loaf of bread and a gallon of gas. 
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Posted: 2/15/2013 8:41:21 AM EDT
[#29]
Hell, just quit spending money making the damn things. I consistently see pennies from 40, 50, 60 years ago... they'll still be around for our great grandchildren.
And BTW, I very often don't mess with pennies when running the register at my store, and I always round to the customer's favor. I did some rough math, and on a really, really busy day it might cost me a dollar.
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Posted: 2/15/2013 8:53:35 AM EDT
[#30]
Quoted:
It's a start. Get rid of the penny, dime and nickel. Paper one and five dollar bills replaced with coins. Give us a $500 bill. ...that's gonna leave a mark |
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Posted: 2/15/2013 8:55:38 AM EDT
[#31]
I worry about more important things. I wish that our government did too
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Posted: 2/15/2013 9:00:30 AM EDT
[#32]
Quoted:
Obama wants to get rid of the penny. I'm OK with that for two reasons. 1. I can't remember the last time I used a penny. I pay for all that I can on the credit card as I earn miles on it
2. I'm hoping all that freed up copper can go towards brass for ammo so supplies will increase and prices will drop. People here cool with this? http://news.yahoo.com/blogs/ticket/obama-suggests-open-getting-rid-penny-234637403--politics.html You do realize there is almost no copper left in the penny? It's zinc with a copper coating. |
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Posted: 2/15/2013 9:05:14 AM EDT
[#33]
There are some people who are hoarding old copper pennies, but they can't salvage them for copper until the .gov makes them "not money" anymore.
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Posted: 2/15/2013 9:06:29 AM EDT
[#34]
Quoted:
Quoted:
Obama wants to get rid of the penny. I'm OK with that for two reasons. 1. I can't remember the last time I used a penny. I pay for all that I can on the credit card as I earn miles on it
2. I'm hoping all that freed up copper can go towards brass for ammo so supplies will increase and prices will drop. People here cool with this? http://news.yahoo.com/blogs/ticket/obama-suggests-open-getting-rid-penny-234637403--politics.html
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Posted: 2/15/2013 9:06:53 AM EDT
[#35]
This is a conspiracy to prevent rounding up on MidwayUSA purchases from going to the NRA!
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