Lots has been written about the recent report that pennies now cost 2.4 cents apiece to make. The “solution” to this problem ? The government is exploring the use of cheaper metals. Washington dare not phase them out altogether because to do so would invite protests that retailers would round up to the nearest nickel, [...]
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Read Full PostAll that is needed is an Executive Order: “Businesses which round down cash transactions to the nearest nickel may refuse to handle pennies.”
Read Full PostPennies are a complete waste, a tax on consumers and retailers which raises nothing for the government. Yet the zinc lobby always defeats legislation to eliminate them. This post proposes a simple win-win change to current law which even the zinc lobby could not defeat: Allowing businesses which agree to “round down” to refuse to handle pennies. We are also proposing civil disobedience to get there. The civil disobedience would take the form of businesses doing exactly that until the law is changed.
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