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Why would I want the US mint to stop producing pennies and nickels?Pennies and Nickels are worth less then they cost to produce.http://newsfeed.time.com/2010/09/08/pennies-nickels-cost-more-to-produce-than-theyre-worth-should-we-keep-them/Link to the Petitionhttp://www.change.org/petitions/united-states-mint-stop-producing-pennies-and-nickels
Down with cash.
Down with credit as well.
So 6% sales tax on a 25-cent item would be... 25 cents. Good plan.
why start it on change.org instead of whitehouse.gov? Not being snarky; genuinely curious.
Furthermore, the US Mint not producing a coin would not equate to paychecks being rounded to 25 cents. Electronic transfers, etc. don't give a damn what coinage is available. The only outcome of this is consumers get shorted up to 9 cents per cash transaction, which entices them to use plastic, which small businesses hate because of fees.So basically the only people who profit are geeks who spend too much time worrying about their pocket change without doing the math of who probably actually benefits from not having it: major banks and credit card companies. Who gets screwed? Poor people without bank accounts.
Icrontic — Home of the Big Beef Burrito since 8-8-2000, fool.
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