Should they stop making pennies?

Collapse
X
 
  • Time
  • Show
Clear All
new posts
  • C-Gold
    SBR Hall of Famer
    • 09-04-10
    • 6808

    #1
    Should they stop making pennies?
    A penny is practically worthless. In our fiat money system our penny is "worth" 1 cent but it costs the government 1.5 cents to produce. How stupid is that for a country with 13 trillion dollars worth of debt? Back in the day 1 cent could buy something, today a cent can buy nothing. They should stop making them.

    Might not be a bad idea to start hoarding pennies if we're going to see inflation. That 1 cent penny could go from being worth 1.5 cents on up and eventually they'll have to discontinue them.

    What do you think?
  • jgilmartin
    SBR MVP
    • 03-31-09
    • 1119

    #2
    Yes
    Comment
    • Mikail
      SBR Posting Legend
      • 07-19-09
      • 21689

      #3
      Yes they should. I think they are not doing it because their will be a bank rush of people turning in pennies and it will be a negative impact on the economy.
      Comment
      • BRAVES1985
        SBR MVP
        • 05-23-10
        • 4250

        #4
        i love pennies i got like 100 of them
        Comment
        • JoeVig
          SBR Wise Guy
          • 01-11-08
          • 772

          #5
          Make them out of ... paper !
          Comment
          • Tuna Fish Riot
            SBR Wise Guy
            • 10-29-10
            • 539

            #6
            Pennies are annoying. They are also the dirtiest.
            Comment
            • jbrent95
              SBR MVP
              • 12-07-09
              • 1221

              #7
              Pennies are worthless, and cost more than they're worth.
              Comment
              • DeenerThaLeener
                SBR High Roller
                • 12-10-10
                • 124

                #8
                They should be turfed but then all prices on everything will have to be adjusted takin into consideration taxes for the price to come out on an even .05. Or bring in a rounding system..
                Comment
                SBR Contests
                Collapse
                Top-Rated US Sportsbooks
                Collapse
                Working...