Now do daylight savings!!
Exactly. Fuck DST.
Just get rid of half of it. I love “fall back.” I hate “spring ahead.”
I like it initially, but after a couple weeks I want to die. Walking out of the office into cold darkness at 4-4:30pm is soul crushing.
They tried in Ohio. They couldnt stop running over kids waiting for the bus in the morning dark so it was reverted.
Abolishing the USD cent comes way too late.
Was abolishing the half penny in 1857 a good idea? If so, then abolishing the quarter would be a good idea today. It has about as much buying power as the half penny did in 1857.
Yeah, but honestly getting rid of coins is an admission that inflation is high relative to 40-50 years ago. When pretty much every government wants to keep that fact out of the public consciousness. Especially the current US government who wants to both claim we don’t have inflation at all, and are the ones getting rid of the penny.
I’ve been saying we should drop the penny for almost 2 decades, but I still kind of look at getting rid of the penny as a sign of our current government’s abysmal handling of inflation.
So I don’t know the term for it, maybe it’s just propaganda, but a quarter feels like it has value.
The penny however doesn’t have that feeling. Vending machines often say “No Pennies” and toll booths say “No Pennies”, even though the Penny exists everyone sorta already agreed the Penny wasn’t worth the hassle.
I think you could probably convince people the same is true for the nickel. Although eliminating just the nickel is tricky since you’d keep the dime and quarter and that divides weirdly. So you should also remove the dime but that now really starts to feel like it had value.
But the quarter. That would be a hard sell. You’re basically eliminating all coins at that point. Unless you plan on making the half dollar wayyy more popular.
Should just have dimes.
$1.1 $1.2 $1.3
There’s no reason to break our currency into thousandths. Hardly a reason to break it into hundredths.
Could keep quarters to keep hundredths
Transactions already need a nickel to do 5 cents. So requiring a quarter to do 5 cents isn’t crazy.
Say you have to pay $1.05
Dollar and 3 dimes, quarter in change.
$1.15
Dollar and a quarter, dime in change.
But I think just dimes are needed
Just dimes would probably work logically, but it would feel too weird. If you’re going just dimes, you probably just want to go all in and say no coins.
50 cent piece would be the way to go. Should then also really push $1 coins, and add in a $2 and $5 coin, although I don’t know if Americans would realistically use them. Coins are much more durable than paper currency though, which would save a lot of money long term
I mean the dollar coin never caught on. I know we still printed the dollar bill, so maybe you could force it by halting the dollar bill. But overall I don’t think new coins are the answer.
Based on one source, Cash is only ~20% of transactions. Maybe it will always be 20% or maybe it will be smaller and smaller as time goes on.
I think you’re better off eliminating current coins.
CGP Grey must be doing the crab dance
well, he also asked for the death of nickels and dimes, so maybe not yet
John Green, too.
I knew i was forgetting someone who asked Obama about the penny, couldn’t remember who
Good, while we’re at it we should redecimalize. A coin that can’t pay for a significant portion of something is worthless. People used to buy snacks with coins, and like, thats where they thrive. Coins are more expensive than bills but they can change hands a lot more times. A dime for a soda or a cheap snack, maybe a nickel if it’s a good deal on a bag of chips is about right.
Like, this isn’t even a monetary policy failure, it’s just something that should happen every century or two in an inflationary economy with a 5% target.
The rule should be “if you pay with it at a restaurant it should be a coin” because it represents a daily use rather than weekly or monthly and much higher levels of wear and tear.
If not for credit cards we’d probably need $10 coins.
There are enough in circulation that nobody will miss the lack of printing for decades
I work at a bank, and people are trying to buy all of our pennies as collectors and leave none for the people who are actually going to use them. it’s a clusterfuck lmao
It reminds me of a popular misconception about Earth and our atmosphere and climate.
A lot of the people who advocate for the environment believe that reduction in trees will jeopardize our oxygen and that we’ll run out of breathable air at some point.
The problem is actually that trees capture and hold carbon, the danger to the environment is almost strictly just the release of excess carbon.
If we lost every last tree and phytoplankton bloom in the world, we would still have enough breathable oxygen to last potentially thousands or hundreds of thousands of years, with some estimates depending on a lot of complex factors, saying that some level of of population density could stay alive for millions of years.
(Edited figures)
Some of you dummies think I’m saying climate change isn’t a concern. You needa learn to read.
That seems off
Where are you getting this millions of years number? Seems really unrealistic considering millions of humans live at altitude and have barely enough oxygen in the air as it is
I rechecked, I will revise it, there are some huge variables and nobody can really agree. It would likely be anywhere between thousands to hundreds of thousands of years, but I have seen some people confidently state that if we’re not running industry and most sea life dies rapidly that it could potentially be millions of years but the carbon/oxygen cycle is wildly complicated so it’s still a pretty hard idea to calculate.
This exchange talks a lot about how different variables can wildly swing the results. https://biology.stackexchange.com/questions/46125/how-long-could-earths-oxygen-supply-last-if-no-new-oxygen-were-produced
How will we request thoughts? Will we be left with only prayers? Noooo!
Venmo for your thoughts?
One of the only things the Trump admin is doing that I actually agree with and have since I was a child. Fuck coins in general but getting rid of the most dead weight coin of them all is a step in the right direction.
I agree getting rid of the penny is a good thing, but it’s really bad that this is setting a precedent to give the president a lot more power
It’s also a really poor implementation considering the government has given no guidance on how businesses must handle it
I’ll believe it when I stop seeing pennies.
That final penny struck is going to sell for a shit ton of money.
I’ll buy it for two pennies. That’s 100% profit for the seller.
So NYC sales tax being 8.875. My $1 purchase is no longer $1.08, but $1.10. Good deal
This is why it would’ve been better to do this legally because there’s going to be 10,000 corporations and banks trying to superman 3 everyone’s rounding errors (eg rounding up for customers and down for taxes). This is going to create a lot of really stupid embezzlement scandals and lawsuits. Not to mention you can still pay in pennies with a credit card.
Welcome to the 21st century America. Canada ditched its penny over a decade ago.
It’s about damned time. We honestly should have nothing smaller than quarters right now, going by the same logic as discontinuing the half-penny forever ago (which had more equivalent purchasing power than the dime does now).
What’s going to be funny is eventually, when people have less of these, the penny will literally no longer hold it’s actual value and somebody will pay millions to get some pile of “antique” currency. What a fecking mad world we live in.
i wouldn’t be so sure about this. i still have plenty of pennies and plenty of stamps to put on those pennies.
Well I guess it’s time to start making ass nickels.
