It costs more to make it than it is worth, people rarely even stop what they are doing to pick one up or just leave them at gas stations, so the question is should they stay or should they go?
2006-08-09 17:04:56 · 27 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
NO WAY! How do you think Abe feels right now? Besided thats just giving people more money or less depending if we only round up or can round down! Think about it pennys add up! We'd be giving away MILLIONS of dollars every year to businesses! Plus dont we already have enough pennys circulating to do the job? so who needs new ones? How about just makeing them every 3-5 years? that way it cuts back on the costs or make them out of something cheaper and color them.
Poor ABE!
2006-08-09 17:45:42 · answer #1 · answered by Anonymous · 1⤊ 2⤋
Yes we should remove the penny. They are lame. But the trick is "how to get rid of them." Here's what we should do. We all buy cargo pants. We fill all the pockets of these cargo pants with pennies. A car alarm, with no car attached, obliously, is also required for this to go off well. We walk around the streets of New York and wait for the first homeless person to ask for change. BAM. We hit the buzzer. WEEO WEEO WEEO We have a winner. WE just start throwing the pennies out of our many pockets. Yes, the hurt the poor fellow, but he doesn't care, he's gettin' hit by coins. So now the homeless fellow has all the pennies, and he trades them all in at the bank and makes a hefty some (for this poor chap). So not only have we solved the penny crisis, but we also solved the poverty problem.
2006-08-09 17:12:21 · answer #2 · answered by Anonymous · 0⤊ 0⤋
That would be very difficult to have a price of anything come exactly to a price that 5 goes into. Taxes would somehow have to be banned because thats what makes pennies useful. So no i would keep the penny.
2006-08-09 17:10:23 · answer #3 · answered by meangel15 2 · 0⤊ 0⤋
Whenever I had pennies or found them laying around I would put the annoying little things in a jar. I make a hundred dollars or more sometimes when I cash them in. It takes a long time but what the heck its money.
2006-08-09 17:11:33 · answer #4 · answered by Izzy 5 · 0⤊ 0⤋
No we shouldn't. What if something is $7.53...you pay $7.55...what are you going to get back if there are no pennies?!? The pennies balance things out and pennies add up after awhile. Oh, and I pick up every penny I find unless it's covered in mud or something.
2006-08-09 17:11:33 · answer #5 · answered by i luv teh fishes 7 · 0⤊ 0⤋
Yea, why do we have the penny? Other countries have gotten rid of their low valued coins -- so why not the US?
Most transactions take place electronically anyway, so physical money might be on the way out.
2006-08-09 17:09:21 · answer #6 · answered by Randy G 7 · 0⤊ 0⤋
Well whats the other option? Round everything up? I see no reason to get rid of the penny. Show me another option.
2006-08-09 17:08:14 · answer #7 · answered by drumlove56 2 · 0⤊ 0⤋
We should somehow try to end money as we know it alltogether. Did you know that THE FEDERAL RESERVE is a PRIVATE COMPANY? Which is owned by just a handfull of very rich banks. Look into it. Interesting stuff.
But for now, about the penny, yeah, kill it.
2006-08-09 17:10:20 · answer #8 · answered by Alexander D 2 · 0⤊ 0⤋
the government has been trying for years to get rid of the penny. truth be told they can not find a way to do it, it is essential to commerce. everything would instantly become more expensive ( i doubt a company would round down a price)
2006-08-09 17:13:25 · answer #9 · answered by ♫jmann♫ 5 · 0⤊ 0⤋
Good points Dave......Yes, they should ditch the penny as long as they keep Lincoln on some form of currency, the $5 bill.
2006-08-09 17:10:30 · answer #10 · answered by Anonymous · 0⤊ 0⤋