2006-08-30 15:41:58 · 33 answers · asked by james w 3 in Politics & Government ➔ Law & Ethics
Yes and it will work.
When I was in the military, I was stationed over in Okinawa, Japan. On the American base everything was rounded to the nearest 5 cents. So something $1.02 was rounded to $1.00 and something $1.03 was rounded to $1.05. That's how items were sold so you never saw anything like $1.02 or $1.03. It was either a smooth $1.00 or $1.05. No pennies, no change back in pennies...nothing.
It works.
2006-08-30 15:46:11 · answer #1 · answered by The 3rd Nipple 6 · 4⤊ 2⤋
Yes and No.
Yes: It takes more than a penny to make a penny. I believe it cost 17 cents to make one penny. The goverment should come out with bigger amounts of coins, or dollars, but that could lead to inflation, and that would just raise the price of everything.
No: The penny is good for a lot of things. Throwing it in water fountains, finding the lucky penny on the street with a head up.. etc.
In all, yes the goverment should get rid of the penny. I think it will be easier, instead of things being for 99 cents, just make it a dollar, or 95 cents. And for tax on items, instead of like 7 cents, make it 5 or 10.
2006-08-30 15:46:45 · answer #2 · answered by J 3 · 0⤊ 0⤋
ABSOLUTELY.
The penny has long outlived any usefull purpose whatsoever in our present economy. Most stores even have a penny tray so you don't have to take them with you.
The only reason anyone can conjure up for keeping it is nostalgia - penny candy and 25 cent gas - those days are long gone.
And for the government to keep producing a coin which costs more to produce than its face value is insanity.
2006-08-30 15:50:07 · answer #3 · answered by LeAnne 7 · 0⤊ 0⤋
YES! this way Lincoln is not seen so much, this man who caused the war between the s tates, so many lives lost, I read that Lincoln had tried for the presidency many times before he made it , this was a devastating war, the civil war , if anyone should be on the penny ,is general ,Robert E. Lee.
2006-08-30 15:54:11 · answer #4 · answered by Anonymous · 0⤊ 0⤋
And put the Penny container by the cash register making companies out of business? Yeah, I suppose. Too bad for the penny container by the cash register making company in my opinion.
2006-08-30 15:48:46 · answer #5 · answered by detecting_it 3 · 0⤊ 0⤋
No we feel lucky when we find them and we still need them for when we spend 76 cents etc NO NO NO I still remember penny candies when I was a kid That was such fun. Even two for a penny TEN pieces for a nickel. Those were the days!!
2006-08-30 15:49:20 · answer #6 · answered by Anonymous · 0⤊ 0⤋
It would save money for the government if they did. It costs more to make the penny than it is worth.
2006-08-30 15:44:43 · answer #7 · answered by TC 4 · 0⤊ 0⤋
No. I realized how many pennies I have because I don't use them. Instead of getting change, I could even it out with my pennies! I'm gonna carry them more often now.
2006-08-30 15:45:20 · answer #8 · answered by pacific_crush 3 · 0⤊ 0⤋
No, the penny is a tradition of the USA and should remain in use.
What happens without the penny? They round UP, and who benefits. What is next the nickle?
2006-08-30 15:44:29 · answer #9 · answered by banananose_89117 7 · 0⤊ 0⤋
yes, the penny, nickle, dime and quarter.With our education system, we are turning out students, that if the lights go out, the businesses, have to wait, because there are no one there that can make change. So maybe with just paper money, it will be easier on our poor college graduates, and it will help those businesses that may need a few more cents in the profit category.
2006-08-30 15:51:42 · answer #10 · answered by avery 6 · 0⤊ 1⤋