(— Question of the Week #2
What are your thoughts on the penny?
Recently the Canadian Government decided to stop manufacturing pennies.
How do you feel about that?
Welcome to Question #3. Every week (it won’t be every week) I’ll put up a question, ramble on about it for a bit, and then would very much like it if you chip in your opinion.
So, penny for your thoughts?
I think it’s neat. Like, it sounds like something trivial and silly. You know, like something you’d see a parody of a government arguing about on a skit of SNL. Like, The representative from Toledo motions for a larger surplus of push pins in civic buildings. Motion denied on account of prior request for longer extension cords and lack of storage space, or something. But apparently, this is serious business.
Did you know it costs a cent and a half to make a penny? Nickels cost about nine cents. The Canadian Government apparently lost somewhere around $7 billion making pennies last year.
I’m happy with this change in policy. People don’t accept pennies anyway. Well, the only people who accept pennies are people; you can’t use them in vending machines for example. One we get rid of the penny, I think transactions would go faster. Some people might lose a bit at having to pay an extra two cents when their $X.X3 gets rounded up to $X.X5, but they’ll make it back when it rounds down.
Admittedly, there is the whole ‘tradition’ argument. We’ve always had the penny and always should, and all that.
What do you guys think? Is dropping the penny something you agree with? Is completely discontinuing them a step too far? Or, do you think we should go further and only have coins in dollars, dimes, and fifty-cent pieces?
If you make the Now we’ll have to say ‘Nickel for your thoughts’ joke, I will kill you.
“ In the United States, you never hear politicians or members of the cabinet saying things like, “It costs taxpayers a penny-and-a-half every time we make one. Therefore we will stop making them.” We don’t make politically neutral, factual statements.
This is why we still have pennies.”
― John Green, ( What the Death of the Canadian Penny Says about the U.S. )