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Post by Slam_Bradley on Feb 19, 2019 16:34:38 GMT -5
1) No need for more $2 bills. 2) Discontinue $1 bills also. 3) Mint a lot of dollar coins. 4) Discontinue pennies. 1) and 2) ... I can see where you are coming from and not having both $1 and $2 bills ... 3) and 4) ... In order to get $1 coins you have to get rid of pennies ...it would be difficult to do in the USA when you have a much larger population base; in Canada in the year 2012; they did that and managed quite well without them. Personally, I think pennies should be banned in USA and the cost of copper is getting to be quite expensive. Both Susan B. Anthony and Sacagawea dollar coins being unpopular ... we need someone to make it work and that alone would be a tall order to sell. I like your thinking here. If you get rid of dollar bills dollar coins will work by necessity. |
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Post by Deleted on Feb 19, 2019 18:22:23 GMT -5
Slam_Bradley ... I hope you are right and letting you know that in the past; the dollar coins were proven to be both unpopular and a failure at the same time. Our Government and the US Mint must have an excellent marketing campaign to make it work and that will make the Dollar Coin popular and everyone will use them.
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Post by Slam_Bradley on Feb 19, 2019 18:47:59 GMT -5
Slam_Bradley ... I hope you are right and letting you know that in the past; the dollar coins were proven to be both unpopular and a failure at the same time. Our Government and the US Mint must have an excellent marketing campaign to make it work and that will make the Dollar Coin popular and everyone will use them. I'm fully aware that dollar coins have been a no-go. Which is why I say that the only way to make them work is to stop making dollar bills. |
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Post by Deleted on Feb 19, 2019 19:19:17 GMT -5
Slam_Bradley ... I hope you are right and letting you know that in the past; the dollar coins were proven to be both unpopular and a failure at the same time. Our Government and the US Mint must have an excellent marketing campaign to make it work and that will make the Dollar Coin popular and everyone will use them. I'm fully aware that dollar coins have been a no-go. Which is why I say that the only way to make them work is to stop making dollar bills. Understood. |
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Post by thwhtguardian on Feb 19, 2019 22:13:04 GMT -5
I almost never carry actual currency, I always preffered just using my debit card but heck with my phone now storing my debit card I don't even always carry my wallet on me these days so I don't even have a physical card all the time either and I'm hardly alone so I'm not thinking we need a new paper bill.
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Confessor
CCF Mod Squad
Not Bucky O'Hare!
Posts: 10,201 
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Post by Confessor on Feb 19, 2019 22:49:11 GMT -5
I still use cash a lot. Mainly because, as a musician, most of my pay comes in the form of bundles of notes from a bar or pub cash register. Once a week, I have to take a walk up to the bank to pay it all in.
I do use a debit card and internet banking, of course, but a lot of times I pay for stuff with cash.
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Post by Deleted on Feb 19, 2019 22:57:58 GMT -5
Someone mentioned eliminating the penny-imagine the uproar if they do and every state and municipality that has a sales tax percentage that isn't a multiple of 5 has to round up the sales tax percentage to prevent anything coming up a total not divisible by 5. Our county currently has a 6.5% sales tax. No way would it drop to 5%, so it would go up to 10%, which would take a lot of money out of my wallet over the course of a year.
-M
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Post by beccabear67 on Feb 19, 2019 23:58:40 GMT -5
They have gotten rid of pennies in Canada. The push to go to $1 and $2 coins came from vending machine companies and also many municipal bus/transit/parking services were in favor of it. Because of the loon bird on the first one people nicknamed our dollar coin The Loony, and some called the $2 coin The Dubloony (for double loony), but many call it The Twoony.   |
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Post by rberman on Feb 20, 2019 6:35:39 GMT -5
Someone mentioned eliminating the penny-imagine the uproar if they do and every state and municipality that has a sales tax percentage that isn't a multiple of 5 has to round up the sales tax percentage to prevent anything coming up a total not divisible by 5. Our county currently has a 6.5% sales tax. No way would it drop to 5%, so it would go up to 10%, which would take a lot of money out of my wallet over the course of a year. -M <iframe width="22.75999999999999" height="4.960000000000008" style="position: absolute; width: 22.75999999999999px; height: 4.960000000000008px; z-index: -9999; border-style: none;left: 15px; top: -5px;" id="MoatPxIOPT0_91550417" scrolling="no"></iframe> <iframe width="22.75999999999999" height="4.960000000000008" style="position: absolute; width: 22.76px; height: 4.96px; z-index: -9999; border-style: none; left: 1080px; top: -5px;" id="MoatPxIOPT0_53836131" scrolling="no"></iframe> <iframe width="22.75999999999999" height="4.960000000000008" style="position: absolute; width: 22.76px; height: 4.96px; z-index: -9999; border-style: none; left: 15px; top: 187px;" id="MoatPxIOPT0_46125150" scrolling="no"></iframe> <iframe width="22.75999999999999" height="4.960000000000008" style="position: absolute; width: 22.76px; height: 4.96px; z-index: -9999; border-style: none; left: 1080px; top: 187px;" id="MoatPxIOPT0_98220205" scrolling="no"></iframe> More likely, sellers would adjust their prices so that they came out as a multiple of nickels when sales tax was added. Or just rounded so that they ignore .01 and .02 final prices, and went up to the next nickel on .03 or .04. |
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Post by Deleted on Feb 20, 2019 6:39:46 GMT -5
Someone mentioned eliminating the penny-imagine the uproar if they do and every state and municipality that has a sales tax percentage that isn't a multiple of 5 has to round up the sales tax percentage to prevent anything coming up a total not divisible by 5. Our county currently has a 6.5% sales tax. No way would it drop to 5%, so it would go up to 10%, which would take a lot of money out of my wallet over the course of a year. -M More likely, sellers would adjust their prices so that they came out as a multiple of nickels when sales tax was added. Or just rounded so that they ignore .01 and .02 final prices, and went up to the next nickel on .03 or .04. You really think municipalities would pass on raising the sales tax to increase revenue when they were given a ready made scapegoat to take the blame? And if not, all those reatialers aren't going to lower their prices to adjust them, it will cost them time and labor to do so, so those costs will be passed along to the consumers, either way, it's my wallet that bears the brunt of it both in the short and long term. -M |
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Post by rberman on Feb 20, 2019 6:53:18 GMT -5
More likely, sellers would adjust their prices so that they came out as a multiple of nickels when sales tax was added. Or just rounded so that they ignore .01 and .02 final prices, and went up to the next nickel on .03 or .04. You really think municipalities would pass on raising the sales tax to increase revenue when they were given a ready made scapegoat to take the blame? And if not, all those reatialers aren't going to lower their prices to adjust them, it will cost them time and labor to do so, so those costs will be passed along to the consumers, either way, it's my wallet that bears the brunt of it both in the short and long term. I do not think municipalities would say, "let's seize upon the absence of pennies to raise our sales tax from 6.5% to 10%," or "I guess we'd better cut our sales tax from 6.5% to 5%." Retailers adjust their prices all the time anyway. |
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Post by Deleted on Feb 20, 2019 7:37:31 GMT -5
You really think municipalities would pass on raising the sales tax to increase revenue when they were given a ready made scapegoat to take the blame? And if not, all those reatialers aren't going to lower their prices to adjust them, it will cost them time and labor to do so, so those costs will be passed along to the consumers, either way, it's my wallet that bears the brunt of it both in the short and long term. I do not think municipalities would say, "let's seize upon the absence of pennies to raise our sales tax from 6.5% to 10%," or "I guess we'd better cut our sales tax from 6.5% to 5%." Retailers adjust their prices all the time anyway. So large retailers who operate in several counties/municipalities will essentially have to adjust their prices on a store by store basis and those with websites would have to reconcile those prices based on what county someone is ordering from because it will have to vary form place to place based on what the sales tax percentage is in the place where the customer lives- and the website will have to decide which of the many different price points in play to include on the website? All the while having to deal with laws that require transparency in pricing and work against that kind of variable pricing labeling it as unfair business practices? And all that extra work, website maintenance, compliance practices, etc. isn't going to get passed on to customers and lead to across the board price increases? Can I move to a place in that kind of world, because that's not the world I live in. -M |
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Post by rberman on Feb 20, 2019 8:16:16 GMT -5
I do not think municipalities would say, "let's seize upon the absence of pennies to raise our sales tax from 6.5% to 10%," or "I guess we'd better cut our sales tax from 6.5% to 5%." Retailers adjust their prices all the time anyway. So large retailers who operate in several counties/municipalities will essentially have to adjust their prices on a store by store basis and those with websites would have to reconcile those prices based on what county someone is ordering from because it will have to vary form place to place based on what the sales tax percentage is in the place where the customer lives- and the website will have to decide which of the many different price points in play to include on the website? All the while having to deal with laws that require transparency in pricing and work against that kind of variable pricing labeling it as unfair business practices? And all that extra work, website maintenance, compliance practices, etc. isn't going to get passed on to customers and lead to across the board price increases? Can I move to a place in that kind of world, because that's not the world I live in. Large retailers with a physical presence in multiple communities usually have different local prices already due to varying cost of living. Also, we're already used to rounding with sales taxes involving fractions of a cent. There's conceptually no difference in rounding to the nearest 0.05 instead of the nearest 0.01. |
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Post by thwhtguardian on Feb 20, 2019 9:04:52 GMT -5
So large retailers who operate in several counties/municipalities will essentially have to adjust their prices on a store by store basis and those with websites would have to reconcile those prices based on what county someone is ordering from because it will have to vary form place to place based on what the sales tax percentage is in the place where the customer lives- and the website will have to decide which of the many different price points in play to include on the website? All the while having to deal with laws that require transparency in pricing and work against that kind of variable pricing labeling it as unfair business practices? And all that extra work, website maintenance, compliance practices, etc. isn't going to get passed on to customers and lead to across the board price increases? Can I move to a place in that kind of world, because that's not the world I live in. Large retailers with a physical presence in multiple communities usually have different local prices already due to varying cost of living. Also, we're already used to rounding with sales taxes involving fractions of a cent. There's conceptually no difference in rounding to the nearest 0.05 instead of the nearest 0.01. Yeah, I really don't think it'd be the end of the world. I don't know what world you live in where variable prices are so difficult either MRP... but where I'm from the sales tax is not the same all across the land so large corporations already have the technological infrastructure in place for regional price changes...and further offer different prices at different locations even sometimes in the same state due to various reasons such as availability and yet the web sites seem to function just fine. |
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Crimebuster
CCF Podcast Guru
Making comics!
Posts: 3,958
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Post by Crimebuster on Feb 20, 2019 9:41:02 GMT -5
After the Sacagawea dollar, we also had a line of dollar coins featuring the U.S. presidents. I think they put out a new one with a different president every few months. Apparently at some point they stopped circulating them, so the modern presidents only got coins minted for collector sets. but the early coins I remember seeing quite a bit, particularly John Adams, which makes me wonder if there was some sort of regional distribution in place so peple would get local presidents or something.  |
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