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- cross-posted to:
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This may be the first headline this year that actually makes sense… Or wait no it doesn’t make cents
Does anyone else think he just screwed retailers because they no longer can offer any item for x.99? Do you think he thought it out that far, lol
Chances are the practice will just be to round to the nearest 5¢ on cash transactions. Is it actually worth the time to worry about a few cents on the handful of cash transactions in a day?
They already do this at military commissaries (base grocery stores)
in the united states, what the advertised price is, is what you pay, else it’s fraud, we don’t “round to” here, lol. regardless the confusion and psychological tool the retailers have employed litteraly forever in american business has just been thrown into chaos, and major corps are going to start freaking out about it. and yeah, it’s a very big deal.
Ever buy gasoline in the US?
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Hell we haven’t has 1 and 5c for decades here, prices still end in .99. It just the final amount that gets rounded <if you pay in cash>.
Yes it does take an Act to allow the rounding on the final price.
yes, and that was a planned phaseout, and not some insane abrupt change of an entire nations pricing structure. it gave companies time to adjust their sales and marketing techniques. many companies in the united states employ the .99 tactic to make their goods seem cheaper than they are, without the legal ability to round, they’ll have to forego the psychological tool and make their products .00, or lose .04 a sale and make their products .95, this is going to screw them right up the keister, like immediately, and I am very much looking foward to watching the fallout from this when the big corps start losing their minds
It would not be fraud to round up the change that’s handed back to a person to the nearest 5¢, plus businesses already factor in far more than 0-4¢ per transaction for credit card fees, so an added cost of 0-4¢ per cash transaction with the bonus of increased efficiency by having fewer coins to count and track makes it a very easy change to make
Dollars are the new cents
I hate that he’s the only person who could get away with this. I hate that he’d’ve campaigned heavily and successfully on the opposite of this if Biden or Obama had gotten rid of pennies. But I do appreciate no more pennies.
Hey donny dipshit, I’d be real triggered if you replaced the $1 and 5 with coins.
Is he trying to run afoul of the zink lobby? Those folks go hard.
If those people destroy Trump and Elon, I’ll be somewhere between love and hate.
Those folks go hard.
I would say 2.5 on a scale of 1-10.
spoiler
Yes, I looked up the hardness.
A broken clock is right twice a day
Makes me wonder what HIS reasoning was tho. Soon we use trump tokens anyway, and we have to start somewhere
I wonder what the conversion rate to Schrutebucks and Stanley Nickels will be…
Now he controls two currencies. One administered by a shadowy unelected cabal hellbent on robbing the working class in favor of the investor class… and Trump Coin.
Let it be known that I’m capable of recognizing a good Trump action, however rare they may be
We reuse pennies so this claim has never made sense
Right, so we can keep reusing the ones in circulation. This is to stop making more of them.
Canada did this a long time ago for similar reasons, and many other countries have stopped production of equivalent low-value coins as well.
Can’t argue with this one.
Everyone start hoarding pennies.
donald trump can have my ass pennies, I’m sure he’s used some of them already
You stick pennies in your ass?!?
Canada did it first…
The only reason we still have pennies is the zinc mining companies bribing Congress. They’re the only losers here. (And they aren’t just going to close the zinc mines. So, the workers/miners probably won’t even be hurt. Just some owners/shareholders.)
bribing Congress
exactly.
i’m all for getting rid of it. but this goes through congress, first. then they send it to the white house for a signature.
a president, and i don’t give a fuck who it is, can’t rewrite legislation, or the constitution, whenever or however the fuck they want.
If pennies were accepted by vending machines, I’d actually spend them more often than saving them up in a giant pickle jar that I take to a coinstar once it’s full and get like $10.
He just doesn’t like the face on them.
Copper lobby didn’t bribe him enough
Also trump orders astronauts to use pencils like the Russians do. That’s $10,000.00 per space pen. Hooch savings hooch!
