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UPDATE: What I heard from the Vending Industry
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<p>[QUOTE="omahaorange, post: 1359554, member: 28199"]While I admire your enthusiasm, I do have a problem with this statement:</p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>Why does the fact that if someone or some entity has money, that it should be used for the betterment of individuals or small groups, rather than the common good, especially of the company?</p><p><br /></p><p>Because that statement, in the context of your topic, reeks of socialism.</p><p><br /></p><p>It may not matter to you, but it may indeed, matter to them. If you make $50,000 per year, and your household expenses are $45,000 for that period, shouldn't you take the leftover money and give it to some homeless guy on the street, instead of putting it in the bank. or your IRA, or mutual fund? What would it matter, after all, you paid your bills, right? Same principle applies, although on a much larger scale. The fact that a company makes millions doesn't necessarily mean it has a few million lying about for frivolous projects that will not yield a return on the investment. Keeping in mind that even if this is possible, they would need to recoup the costs of the investment (an a profit on that outlay of cash). How would they do that? By charging higher prices, of course. The manufacturer charges the buyer additional costs, which is passed along to the machine user. Now it's costing you five of those half dollar coins instead of one. it seems pretty obvious that people prefer paper money or plastic to larger denomination coins. Personally, I carry some cash and no change unless I received it from a cash transaction (ie, from a vending machine, that accepts paper dollar bills, which goes into a jar at the end of the day). Most of my purchases are made with either my debit or credit card, especially for larger priced buys. Cash is carried for the occasional lottery tickets (in PA you have to use cash), soda and snacks from the machine, and turnpike tolls. I also carry cash to the flea markets, for obvious reasons. My 20 year old son rarely carries cash, instead prefering to make all of his purchases with his debit card. I actually saw him by a bottle of soda (and only a bottle of soda) for $1.50 with that card.</p><p><br /></p><p>Like someone else said, it's you (figuratively, but still a small minority) against the large number of people who want bills rather than coins for commerce. What you're asking is for the industry and the government to force an idea on people not willing to accept it. If I remember, we still live in a democracy. And our society is still a capitalist one, so making money is still okay.[/QUOTE]</p><p><br /></p>
[QUOTE="omahaorange, post: 1359554, member: 28199"]While I admire your enthusiasm, I do have a problem with this statement: Why does the fact that if someone or some entity has money, that it should be used for the betterment of individuals or small groups, rather than the common good, especially of the company? Because that statement, in the context of your topic, reeks of socialism. It may not matter to you, but it may indeed, matter to them. If you make $50,000 per year, and your household expenses are $45,000 for that period, shouldn't you take the leftover money and give it to some homeless guy on the street, instead of putting it in the bank. or your IRA, or mutual fund? What would it matter, after all, you paid your bills, right? Same principle applies, although on a much larger scale. The fact that a company makes millions doesn't necessarily mean it has a few million lying about for frivolous projects that will not yield a return on the investment. Keeping in mind that even if this is possible, they would need to recoup the costs of the investment (an a profit on that outlay of cash). How would they do that? By charging higher prices, of course. The manufacturer charges the buyer additional costs, which is passed along to the machine user. Now it's costing you five of those half dollar coins instead of one. it seems pretty obvious that people prefer paper money or plastic to larger denomination coins. Personally, I carry some cash and no change unless I received it from a cash transaction (ie, from a vending machine, that accepts paper dollar bills, which goes into a jar at the end of the day). Most of my purchases are made with either my debit or credit card, especially for larger priced buys. Cash is carried for the occasional lottery tickets (in PA you have to use cash), soda and snacks from the machine, and turnpike tolls. I also carry cash to the flea markets, for obvious reasons. My 20 year old son rarely carries cash, instead prefering to make all of his purchases with his debit card. I actually saw him by a bottle of soda (and only a bottle of soda) for $1.50 with that card. Like someone else said, it's you (figuratively, but still a small minority) against the large number of people who want bills rather than coins for commerce. What you're asking is for the industry and the government to force an idea on people not willing to accept it. If I remember, we still live in a democracy. And our society is still a capitalist one, so making money is still okay.[/QUOTE]
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