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<p>[QUOTE="dougsmit, post: 686297, member: 19463"]Did you know:</p><p><br /></p><p>The Smithsonian Museum coin exhibit in Washington DC has a 'Vote' display regarding keeping the penny. To vote, you roll your penny down a marked slide where the coins can be counted to see who wins. I'm sure this result carries about as much weight as my opinion on the subject. </p><p><br /></p><p>If you eliminate the penny, please also eliminate the nickel at the same time. Since the government loses more money on each nickel it makes, we really don't want to increase demand there. That makes almost as much sense as changing the designs on the coins and encouraging people to remove them from circulation. </p><p><br /></p><p>If we stopped collecting sales tax on each sale and required merchants simply to pay the tax on gross receipts, we would need no coin smaller than the cheapest thing being sold as an individual unit (how much is penny candy these days?). Of course they would raise prices to cover it but we could also hire cheaper labor for cashiers and we would not need to teach such advanced math in schools. If you think this is a joke, pay your next few bills for $1.24 with a dollar, a quarter and four pennies and see how may clerks have trouble with the concept of giving you a nickel. </p><p><br /></p><p>Poll: How many of you prefer Wendy's 99 cent Super Value item over the matching McDonald's $1 menu item because of the one cent and how many prefer it because it has a larger slice of onion?[/QUOTE]</p><p><br /></p>
[QUOTE="dougsmit, post: 686297, member: 19463"]Did you know: The Smithsonian Museum coin exhibit in Washington DC has a 'Vote' display regarding keeping the penny. To vote, you roll your penny down a marked slide where the coins can be counted to see who wins. I'm sure this result carries about as much weight as my opinion on the subject. If you eliminate the penny, please also eliminate the nickel at the same time. Since the government loses more money on each nickel it makes, we really don't want to increase demand there. That makes almost as much sense as changing the designs on the coins and encouraging people to remove them from circulation. If we stopped collecting sales tax on each sale and required merchants simply to pay the tax on gross receipts, we would need no coin smaller than the cheapest thing being sold as an individual unit (how much is penny candy these days?). Of course they would raise prices to cover it but we could also hire cheaper labor for cashiers and we would not need to teach such advanced math in schools. If you think this is a joke, pay your next few bills for $1.24 with a dollar, a quarter and four pennies and see how may clerks have trouble with the concept of giving you a nickel. Poll: How many of you prefer Wendy's 99 cent Super Value item over the matching McDonald's $1 menu item because of the one cent and how many prefer it because it has a larger slice of onion?[/QUOTE]
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