Comment by SoftTalker
5 hours ago
I honestly don't know why we don't get rid of nickels and dimes as well. What can you still buy that costs less than $0.25?
5 hours ago
I honestly don't know why we don't get rid of nickels and dimes as well. What can you still buy that costs less than $0.25?
When we got rid of the half-penny, it was worth more in 2024 cents than the dime is now.
We waited so long past when we should have gotten rid of the penny that now a coin ten times as valuable is also worthless enough that we ought to get rid of it.
So how would you propose paying for something that cost $0.40, or would you just like to see all prices be multiples of 25c?
BTW, the reason for wanting to get rid of the penny isn't so much the low purchasing value, but more that they cost more to make (~4c) than their face value, so the government loses money making them. The same is true of nickels.
Yes, the quarter is pretty much the smallest useful unit of US currency and even that usefulness is shrinking pretty quickly.
If we would adopt a policy of including local sales tax in advertised prices, skipping to whole dollars would be pretty painless.
The main reason to keep at least quarters is all of the various coin-op machines that are still in service.
The US has too many tax permutations for this to be practicable. Companies would have to make prices a bit higher to accommodate unexpected sales tax increases in some or other jurisdiction.
There's a small industry that specializes in knowing what the sales tax for a particular transaction should be at the moment it goes through.
Knowing the sales tax at a particular in-person store is more feasible, and that’s the only case where you have to deal with cash.
If I’m buying online with a digital transaction you can charge whatever cents are necessary.
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Forcing the simplification of all those taxes doesn't seem like it has a downside, to me.
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My employer has a 55¢ vending machine with a dodgy bill validator.
I was once at a place that had a vending machine that accepted U.S. Currency as well as coupons. I wish I saved one of those coupons and reverse-engineered it and see if it worked on other machines, oh well.
Bananas