[Dictatorship] Trump Orders Treasury Secretary to Stop Minting Pennies

Now people will start hoarding pennies making the value of the penny go up.
TRuMp iS sTuPiD.

-every democrat who thinks they are an economic expert. @astros123 & @adoo

 

This is what cultists do. They try grouping all of Trumps actions as one to confuse the electorate. Nobody gives a crap about him getting rid of penny.

You losers have no logical explanation why the financial regulators established by congress to prevent bank fired has suddenly ceased operations while allowing big banks and other corporations to screw Americans.

Whats a dictatorship is breaking the law that congress passed mandating agencies which he suddenly shuts down on a whelm.

Man boomers have utterly destroyed America. Brainwashed country

 

Definitely a move that makes sense. We shouldn't need to make more pennies in our digital age. The whole purpose behind coins is that they last a long time, which means pennies are either being hoarded or regularly discarded as trash, otherwise there would be plenty enough already in circulation. And if they are being hoarded and/or discarded, why make more?

Actually Trump and Musk have been hoarding pennies for decades. That investment is finally going to pay off.

 

Good decision, now make DST permanent.

 

stop assuming,

i am far from from being an expert; and i am not a registered Dem

stop minting the pennies makes sense, the idea was previously proposed by some Arizona lawmakers, https://en.wikipedia.org/wiki/Penny_debate_in_the_United_States

In 1990, United States Representative Jim Kolbe (R-AZ) introduced the Price Rounding Act of 1989, H.R. 3761, to eliminate the penny in cash transactions, rounding to the nearest nickel.[3]
In 2001, Kolbe introduced the Legal Tender Modernization Act of 2001, H.R. 2528,[4] and in 2006, he introduced the Currency Overhaul for an Industrious Nation (C.O.I.N.) Act, H.R. 5818.[5]
While the bills received much popular support from the public, all failed to become law.[6]

In 2017, when Trump was the POTUS, Senator John McCain (R-AZ) and Senator Mike Enzi (R-WY) introduced S. 759, the Currency Optimization, Innovation, and National Savings (C.O.I.N.S.) Act,
that would stop minting of the penny for 10 years and would study the question of whether production could cease thereafter. The bill died at the end of the 115th Congress
with no hearings held by the Senate Committee on Banking, Housing, and Urban Affairs.[7]​

 

Don't understand why Democrats when in power don't do this low hanging fruit stuff.

For Trump this is the type of low hanging fruit stuff that allows the media to shift from a story of his admin eliminating the consumer financial protection bureau to a story of essentially a easy win for Trump. Essentially a distraction while Trump admin privatizes our tax money.

Probably the small silver lining of the administrative state being dismantled for privatization is that Trump will do these low hanging fruit easy wins that most people agree with to distract from America turning into Cyberpunk.

 

Because it seems so inconsequential when actual issues need to be dealt with. This is probably the only thing President Dumbsh*t has done so far that I just don't care about. I never carry change so I just don't care about whether we have the penny or not.

 

It might be overall inconsequential to the material conditions of the average American but this is for pure propaganda purposes. This isn't a good excuse for a Democrat politician either as they spend majority of their time organizing expensive dinners for lobbyists. So they have time to do these easy propaganda wins. They waste their time on a lot of stuff. They could waste their time trying to net easy political wins.

 

They did it, and people hated it. I'm not sure why we can't go to permanent time and just change our lives to match the time rather than time to match our lives.

 

I think quarters as the lowest form of physical cash would be fine.

 

The hatred toward Lincoln is strong, all to save a mere $80 million a year.

 

You are crazy, it’s already hard enough to count by 1.

 

Lincoln is responsible for ending states rights

 

If you remove pennies it makes more sense now to remove nickles also to make pricing easier as you just have to adjust to what precision you format the pricing. So basically you go from $3.50 to $3.5.

 

So will we have all prices rounded up?
Why is my gas 2.499 - so will this be illegal now?

Rocket River

 

I'm just messing around. I'm not sure what you are saying though.

Without the penny, cash transactions would likely shift to a "base-5" system, where prices and taxes round to the nearest nickel. Some businesses might adjust prices upfront to fit the new system, while others could round up or down at checkout. Digital payments, of course, would remain precise, keeping 1-cent (or any) units alive in electronic transactions.

(All coins can go the way of collectibles.)

 

Bitcoin solves this....

 

OP is such a troll. I think Obama actually was the first president to propose this but there was some sort of legal issue. I don’t really care, but you probably need some way to address cash transactions if the penny does start to disappear out of cash registers. I’m sure he will propose those be transferred to some meme coin account or something stupid like that.

 

I would like to announce this thread has devolved into full r****d mode.
First, if you are transacting digitally, there will be no need for rounding.
Second, cash once got you a 3% discount and you idiots are raging they will round up 2 pennies on a cash transaction. If you're going to boycott a business over 2 cents ...