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The Cent!! Great news article
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<p>[QUOTE="Just Carl, post: 141221, member: 4552"]Similar story on the AOL front page today. Same info dabout the cent every once in a while. Mostly the concern is the cost of the metal is greater than the cent is worth. However, the cost of all our money is greater than it's worth and has been for a long, long time. I've repeated this numerous times in the past. </p><p>If you owned a factory and made shoes. You would not only have to account for the material, but you would have to include the cost of delivering the material to you, shipping the shoes to stores, utility costs of your factory such as electricity, water, gas, phones, etc. Payment to workers, thier hospitalizatioin and life insurance. Building maintenance and upkeep. Miscellaneous desks, chairs, lamps, bookcases, filing cabinets, paper, postage, envelopes, pencils and pens, paper clips, etc. After hours cleaning people, washroom facilities and products. All of the above and much more would have to go into the cost of your shoes. </p><p> So think about it. If our government included similar costs to the production of our coinage and paper currency, just what do you think it would actually cost to produce a cent? Probably an awful lot more than people think. Thank goodness for taxes to pay for all that trivial unmentioned items.</p><p> As to the fate of the cent. In the near future there will probably be nothing called money. Only those horrid little credit and debit cards.[/QUOTE]</p><p><br /></p>
[QUOTE="Just Carl, post: 141221, member: 4552"]Similar story on the AOL front page today. Same info dabout the cent every once in a while. Mostly the concern is the cost of the metal is greater than the cent is worth. However, the cost of all our money is greater than it's worth and has been for a long, long time. I've repeated this numerous times in the past. If you owned a factory and made shoes. You would not only have to account for the material, but you would have to include the cost of delivering the material to you, shipping the shoes to stores, utility costs of your factory such as electricity, water, gas, phones, etc. Payment to workers, thier hospitalizatioin and life insurance. Building maintenance and upkeep. Miscellaneous desks, chairs, lamps, bookcases, filing cabinets, paper, postage, envelopes, pencils and pens, paper clips, etc. After hours cleaning people, washroom facilities and products. All of the above and much more would have to go into the cost of your shoes. So think about it. If our government included similar costs to the production of our coinage and paper currency, just what do you think it would actually cost to produce a cent? Probably an awful lot more than people think. Thank goodness for taxes to pay for all that trivial unmentioned items. As to the fate of the cent. In the near future there will probably be nothing called money. Only those horrid little credit and debit cards.[/QUOTE]
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