I'am doing a poll for school and am trying to poll as many as possible. I'am also doing the comparison of the answer with age, so please include if you are older or younger than 18. Answer must be YES, NO, or UNSURE
2007-11-03 05:04:50 · 13 answers · asked by UVHS 3 in Politics & Government ➔ Other - Politics & Government
Over 18, and NO!
Even if the cost of retention production is higher than face value, it is cheaper than the overall economy result.
When Australia discontinued One and Two cent coin production, even with up/down rounding, the over all effect was national price rises. Individually price rises are infinitesimal: collectively they are phenomenal. Commerce and government gain incredible wind-falls.
Circa 1985, when the Australian $2 note was replaced with a coin, the Queensland State Government readily welcomed it.
Why?
It was because the some years earlier replacement of the $1 note for a coin had NETTED them $100 million for no increase in any goods or service provision. (....And that was just ONE State!)
How?
Due to peoples psychology of "it's only a coin" rather than "I don't want to break a Note" there was increased consumer spending with an increase of attendant government charges.
Whilst this spending certainly stimulated the Economy it also raised an acceptance of significantly increased credit debt that has never been since restrained.
With the discontinuance of !c. and 2c. coins, charities have been the big losers as these were often their contributory mainstays. Despite their wind-falls, governments have failed to make up the shortfall to charities afflicted, so community welfare service quality falls and standards of living are universally affected.
2007-11-03 07:02:27 · answer #1 · answered by malancam55 5 · 0⤊ 0⤋
Keep the penny, Do away with the paper 1$ and 5$ bills , replace them with coins to save money. Include a 2$ coin as well, over 18
2007-11-03 12:42:20 · answer #2 · answered by espreses@sbcglobal.net 6 · 0⤊ 0⤋
Over 18, No
2007-11-03 12:11:44 · answer #3 · answered by fangtaiyang 7 · 1⤊ 0⤋
I am unsure. The penny seems obsolete, but I think it would be a logistical nightmare financially to just get rid of it. Over 18.
2007-11-03 12:12:08 · answer #4 · answered by teenhamodic 4 · 1⤊ 0⤋
Eliminate the penny. Round off everything. It costs more to produce a penny and a nickel than the face value of the coin. The government spends 1.23 cents per penny and 5.73 cents per nickel. Obviously I'm over 18.
2007-11-03 12:21:21 · answer #5 · answered by billblasphemy 6 · 0⤊ 2⤋
Yes, 45
2007-11-03 12:25:15 · answer #6 · answered by Anonymous · 0⤊ 1⤋
yes 43
2007-11-03 12:19:44 · answer #7 · answered by mikeb721 4 · 1⤊ 0⤋
yes 47
2007-11-03 12:18:11 · answer #8 · answered by storm 2 · 1⤊ 0⤋
No.
Yes, over 18.
2007-11-03 12:08:15 · answer #9 · answered by Anonymous · 0⤊ 0⤋
No, don't do away with the penny.
I am over 18 years old.
2007-11-03 12:13:23 · answer #10 · answered by BethS 6 · 1⤊ 0⤋