Yes we should keep the penny. If an item was 97/98/99 cents it will be rounded up to a dollar over time those 3%/2%/1% increases can make a difference for those that are living on a fixed income or working poor.
Prices tend to be a penny less, 99c instead of $1, and so on. Perhaps there will be a general lowering of prices to 95c because of the marketing/psychology of pricing. Perhaps it will be a benefit, but if nothing else the penny is a useless coin for me simply because I rarely use cash and when I do the change usually ends up in a jar.
Yes we should keep the penny. If an item was 97/98/99 cents it will be rounded up to a dollar over time those 3%/2%/1% increases can make a difference for those that are living on a fixed income or working poor.
ReplyDeletePrices tend to be a penny less, 99c instead of $1, and so on. Perhaps there will be a general lowering of prices to 95c because of the marketing/psychology of pricing. Perhaps it will be a benefit, but if nothing else the penny is a useless coin for me simply because I rarely use cash and when I do the change usually ends up in a jar.
ReplyDeleteactually, 55% say "no."
ReplyDeletewww.ctv.ca/CTVNews/Canada/20101229/abolish-penny-poll-101229/
Do we really need a nineteenth of a cent coin.
ReplyDeletehttp://the5thc.blogspot.com/search/label/penny
It will put Onario HST to 15%
ReplyDelete@WhigWag -- I think the blogger meant that 55% of the people who responded to the poll on this blog say that it should be kept.
ReplyDelete