Why the fuck do we still have the penny?

Why the fuck do we still have the penny?

executive order to melt all pennies

Idk

for fair measure. without it the nickel becomes the new penny and inflation goes up

Why do you still have a $1 note?

Don't know. They're technically worthless and cost more to make than what they're actually worth

>casino have slot machines
>penny slots
>poor people play penny slots
>trump owns casino
>the globalist are keeping people poor

To make people cry about it.

This

Why do we even have physical currency.

Fucking digital currency should have consumed the world by now and been the new standard. There's still places in NYC that are cash only and that's insane to me.

in the 19th and early 20th century, currencies were generally so stable that you could routinely find coins in general circulation from 60, 70, or even 100 years before.

that is no longer the case. Inflation, despite government reports, is so rampant, the money supply is constantly being expanded.

So when people talk about retiring the penny, or later retiring cash entirely, they're talking about handing our livelihoods entirely to our jew masters.

So what do people pay with when card machines go down

> cash only and that's insane to me
taxes that's why

Back when the penny was the lowest denomination of currency in the early 1900s, it was worth about $0.25 when adjusted for inflation.

Pennies cost more than they save.

in the event of a nuclear armagedaboom scenario its nice to have lots of copper lying around to be scavenged. copper pipes are phased out in many places and copper wire while abundant is labor intensive and saving energy is key so yea fallout times

>Why do we even have physical currency.
So the Jews can't find out what I'm buying and track me down

I've never been to a casino where the slots just outright accept pennies.

Because many things are still priced at a dollar.

Eh money hasn't been real since we left the gold standard.

Jews make trillions just by loaning money they don't have.

How am I gonna buy weed without cash? Use and app?

Jews need to stretch profit margins.

Carry 40 in cash, buy everything else on a credit card

Same thing when you hand a vendor a $20 and they don't have the change for it: fucking cry I guess.

stupid a Americans

Why is Wendy's fucking me? Back in the day I would buy a Sour Cream and Chives baked potato and a Double Stack for like $2.18

It's like $5 now. WTF?

A God-Fearing American penny is worth thirteen Trudeau Refugee cents.

Because nearly every product sold in stores includes sub whole dollar prices and it would be stealing from consumers if you didn't give them proper change, and it would cost business more to round up the change they gave back to people.
So as long as we allow people to use physical currency we need pennies to make it work without introducing massive rounding errors that would adds up to billions of dollars annually.

Physical currency gives you privacy and anonymity, something people today are told is only sought after by "paranoid" people. Privacy is never a bad thing and the argument "If you have nothing to hide, you have nothing to fear" has been proven to be flawed.
So until everyone accepts BTC, it's in your best interest to keep physical tender, which means we need pennies that while they cost more than their face value to produce, save more money than the cost of not having them at all.

what year is this?

The year of the rooster.

Thats assuming people actually spend those pennies. Many, probably the majority, don't; I've got three five gallon buckets full of pennies that I'll probably only cash in an extreme emergency if at all.

Pennies are a pain in the ass.

I prefer cock.

Why do we still have money?
We should just implant everyone with chips.

So? Many things are a euro over here. A coin is more convenient.

Canadians dropped the dollar bill years ago and the penny recently. They now have one and two-dollar coins and no pennies.
America is basically pathetic compared to Canada.

Americans still use pennies?
You guys still probably have $1 bills too.

Well it's not assuming they spend the pennies. If a business has to eat the cost, billions of transactions of a penny each add up to a considerable amount of money.
If they just short people on their change back, that would be essentially stealing form people.

Some people who work retail short people pennies and nickles "accidentally" hoping they won't count their change, notice, or care. It adds up to be quite a lot of money. Also they can just pretend it was an accident if they notice since the amount is so small.

Rounding errors compound, being off by one penny may seem insignificant but once you scale it up millions and billions of times it's massive. saving one cent on a mass produced product turns into massive savings due to the order of magnitude.

I actually agree with you, but vending machines won't take dollar coins, no one wants them as change, and the tills don't have a spot for them.

They're like the two dollar bill, except people actually like getting twos, but they never spend them because everyone thinks they don't print two dollar bills anymore.

So we need to get rid of the dollar bill, let the two take its place, and have dollar coins instead.

We're too used to it. I'm not even kidding. That's the reason.

I don't like carrying coins because it's noisy and bulky. I like having paper currency neatly organized my wallet. It also makes it easier to sort and faster to count to get the correct amount.
I just toss my change into a bowl and then roll it and bank it once I fill up the rolls so I can convert it back into glorious crisp bills.

When I worked retail I didn't have to try and short people pennies, 65% of them would just throw them back on the counter when I gave them to them, that is how I got two out of three of those five gallon buckets filled.

"Pennies" can still exist electronically, which is how all these businesses buy anyway, and any loss caused by not being able to do the "$1.99" shit anymore should more than be made up for by people actually spending nickels.

We can have a "penny" without any physical currency for a penny.

Carrying coins is a pain, notes are much better.

Why not have a penny note then?

So the Jew can charge you $9.99 for that product instead of $9.95

9.99 becomes 10 when pennies are removed. That's what they did in the EU.

You can do it all electronically but unless you are sending their change to their bank account you would be shorting them.
Not everyone has a bank account or wants one, you can't just steal from them or force them to get one.

I know most people don't give a fuck about their change, but thankfully even if people don't care about their rights we don't just take them away.

God you're stupid.

The chink inmigrants in here give you candies instead of chump change.
I'm pretty sure they're taking our coins and melting them back at their home, knowing these chinks.

I never have enough singles for anything, pretty much always have to bust a five. If you have a wallet that has a coin pocket carrying dollar coins isn't bad, especially if the two was in wider circulation.

Pennies aren't copper anymore. Only copper plated.

That would save money AND we could even put OBAMAS face on the $0.01 BILL. It's fucking perfect.

We had to stop using silver coins because the jews were cutting off tiny slivers and melting them down.

Canada got rid of pennies a few years ago. Don't miss them at all.

Wow You're ugly. I can make baseless claims too you cheeky cunt.

1983 and prior are 90% copper. Worth 2 cents of copper.

Fact: Polish Zloty is worth about one fourth of what a dollar is, but they still have one grosz coin (1/100 zl)

They wouldn't be getting shorted. Some businesses would eat the cost, what was now a 1.99 is now a 1.95, others would make it 2, and i'm willing to bet the 1.95 retailers would outnumber the 2 ones by an order of magnitude.

In the human brain their is a huge perceived difference between 1.95 and 2, thats why we even have 1.99 prices to begin with.

Came here to say this.

Fuck pennies.

We are number one.

I can't believe no one ITT has said this.

LOBBYISTS. Nickel, zinc, copper lobbyists all love the penny. They pay the government to keep it in production.

If we got rid of it everything would increase in price by 5ยข.

Hasn't anyone ever heard the saying: A penny saved is a penny earned.

It's obviously Jewish.

It's there so rich porky capitalists can pay the amount they can for hard working people. In reality these porky capitalists will be eliminated soon.

Wouldn't affect inflation, would just round to nickel

aussie currency best currency

Why does everyone hate businesses? They have to employ you, give you benefits, pay you well, can't fire you without being sued for more than it costs just to keep paying you because muh union and workers rights, and have to eat every single cost. Lets just raise their taxes, mandate quotas for hiring workers based off skin color instead of merit earned by skill, and fuck them over with regulations and rules whenever we feel like it.

After all, they deserve it. How dare they try to be successful instead of just getting a job like a normal person. Oh by the way we need more high paying jobs and more jobs in general to fix this unemployment rate. I have no idea why this problem exists it makes no sense. Lets just raise taxes and keep adding more regulations and workers rights because these greedy businesses aren't creating enough jobs. Fucking greedy fucks trying to stay profitable. Fuck their profits why can't they just go into debt and pay more hard working Americans salaries and benefits.

That's why we still have the dollar too.
We
Are
Number
Onnneeeee

This is just ridiculous and I can't believe an American posted it. This is Leaf worthy. In an age where your privacy is in jeopardy, why the fuck would you want to get rid of the anonymity of what you buy? Don't you know that (((they've))) been cracking down on that? Haven't you realized the advertisers running wild over the last couple of years? It's about control, desu.

illinois doesnt want to get rid of it because theyre the land of lincoln. i wish i was kidding

They'd benefit as well, Those pennies I've been collecting and not spending would now be nickels, and I'll use them.

Money does no good if it's not being spent.

We are being spammed because John McCain has been tied to human trafficking.

Saving pre-1984 pennes is the ultimate redpill

Thanks for the update lad.

Please take a college level economics course. MIT has fee online courses and I know you have electricity and the internet.

>how come the government doesn't have a mandatory digital paper trail?!?!

kill yourself

Looks like about $1.06

Yes but they are about 95% copper. The copper alone is worth more than the face value.

That could be like $3.00 value in copper alone!

That's a hell of a value. I guess I'd rather just not have pennies though.

Nice autism fag.

To chuck them out the window on the highway

Why are Yanks so blindingly stupid?

weaponized autism could save your life someday.

Don't question it

Because we need a unit of currency to tip you when you suck dick.

wtf I love questioning it now.

CRYPTO-LEAF DETECTED

So mr Shekelstein can know my exact purchasing habits and sell that info on to his turbokike friends?
Yeah nah I'd rather pay in cash.

a better question is why we dont have common $1 coins

> tfw can't carry around coin bag like a medieval merchant

Good question. We got rid of our pennies already.

Why haven't you switched to metric?

Answer: burgers are stupid.

Yeah, and then you have to pay sales tax. Have fun coming up with 86 cents if there's no pennies.

Gave me a chuckle. You should get you a little money bag and see if the bank will give you any dollar coins.

For people to drop, not care about, and for me to subsequently pick up.

One might say, but user, its a fucking penny you autist, dont waste your time.

To which I respond that even if it is just one cent, its technically tax free income because the government doesnt know I received it...and that fundamental property makes it the sweetest of fruits.

Its not about the amount, its about the act.

Plus I have a couple of vending machines so I wind up rolling a bunch of that shit each year anyways.

VAT is included in the price

Not in the U.S. m8

You can't get a man to carry around anything besides a bi-fold or tri-fold wallet

the 50cent coin is the most redpilled coin size but it should be a dollar or two dollar coin. we could even have a five dollar one.

Round down to 85
MAGIC!

I have paid first months rent of an apt like this once. I knew the landlord and when it came time to pay for the deposit and rent, I asked him "Do you accept gold?!" And presented them with roughly 800 good dollars in a cloth bag.

Shit was cash yo :D

*02/26/17

Fixed the date for you

blame your jews

When I was a kid my godmother would give me 25 dollars for my birthday, but all in gold coins. Felt like a fucking pirate carrying that shit around