jeffmcbride.net

I would like to voice my support for retiring the US penny. It is a waste of time and metal. I have a jar containing virtually every penny that has passed through my hands for the last year, and it is not worth enough for me to drive to the grocery store and deal with the change counting machine. I’m certainly never going to count them myself, nor am I going to carry them around and spend them. I only save them in the jar because I can’t bring myself to throw away money. If your purchases are rounded to the nickel, would you ever even notice? For that matter, I could get behind retiring both the penny and the nickel at the same time. The dime is small enough to cover any cash transaction, and it is a nice even metric 1/10th of a dollar.

But the penny is a no brainer. It has outlived its usefulness. Sorry Abe.

This entry was posted on Sunday, August 24th, 2008 at 11:45 am and is filed under Money, Politics. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.