Monday, July 03, 2006

Brother Gahrie says save the penny.

I say kill the penny. Have it exist in electronic transfers and still be legal tender to use but round up or down if using cash. For example is something costs 1 dollar and 2 cents you pay 1 dollar. If it costs 1 dollar and 3 cents you pay 1 dollar and a nickel. If you have the pennies you pay exact amounts....

Then the businesses send the pennies to a bank who then send them to the MINT. After millions are returned the mint can decide to reintroduce them or still keep them off the market.

While in England as and AF brat we didnt use pennies, and used the rounding method, it didnt kill us.

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