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A penny for your thoughts.
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nazpyro
Pacman


Member 41

Level 38.30

Mar 2006


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Old Aug 11, 2006, 07:02 PM Local time: Aug 11, 2006, 05:02 PM #1 of 31
Yeah. I'm cool with a rounding system. It's something like that in Australia (those who live there can advise better). No one-cent coins there, and it's fine.

I also like the Australian notes. Each increasing dollar values comes in increasing bill size and a different color. It's subtly nifty for organization and access. Pretty too.

Jam it back in, in the dark.
waka waka

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nazpyro
Pacman


Member 41

Level 38.30

Mar 2006


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Old Aug 11, 2006, 07:06 PM Local time: Aug 11, 2006, 05:06 PM #2 of 31
Or include tax in the displayed price of an item... again, like Australia.

There's nowhere I can't reach.
waka waka

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nazpyro
Pacman


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Mar 2006


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Old Aug 12, 2006, 01:03 PM Local time: Aug 12, 2006, 11:03 AM #3 of 31
They'd still just do increases in a few cents. Then once you got the total sum, rounding occurs if you're paying by tender (you can set yourself up to round down to save 2 cents!) or pay exactly by credit/debit.

This thing is sticky, and I don't like it. I don't appreciate it.
waka waka

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nazpyro
Pacman


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Mar 2006


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Old Aug 14, 2006, 08:42 AM Local time: Aug 14, 2006, 06:42 AM #4 of 31
Eliminating it shouldn't be too much of a problem. Australia did it back in the early 90's, getting rid of the their one-cent and two-cent pieces. Only cash transactions were effected while interest/bills are earned/paid to the cent.

From a CNN article:

Quote:
At the time of the transition, according to Michael Skully, Professor of Banking at Monash University in Melbourne, the Australian government kept a close watch for profiteering associated with the elimination of the penny, while the nation's major retailers rounded totals down. The elimination of 1 and 2 cent pieces did not "disproportionately hurt the poor" as ACC asserts it would if rounding was imposed in the United States.

"I certainly don't recall any riots in the street when it happened," said Skully.
Also:

Quote:
"Americans overwhelmingly want the penny," said Weller (Executive Director of the pro-penny organization). "They also hate rounding."
In other words, Americans are just fucking lazy.

I am a dolphin, do you want me on your body?
waka waka

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