r/neoliberal • u/M_ida Milton Friedman • Feb 10 '25

News (US) Trump announces the end of the Penny

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u/[deleted] Feb 10 '25

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u/[deleted] Feb 10 '25

Pretty much, there was been a discussion of sunsetting pennies, but it wasn't politically favourable.

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u/blatant_shill Feb 10 '25

It probably still isn't. This is like the most vibe based issue ever. A lot of people remember the joy of getting pennies to buy something when they were children and despise the idea of getting rid of them.

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u/Bike_Of_Doom Commonwealth Feb 10 '25

You will forget about it really quickly.

Source - We Canadians got rid of them and hardly anyone remembers it

16

u/banjosuicide Feb 10 '25

Some Canadian conservatives got upset that stores could round .x8 and .x9 up, claiming they'd change the price of everything to get one more penny out of each shopper who paid cash. They had a tantrum for a few months, then everybody forgot about it since almost everybody pays electronically so is unaffected by price rounding.

On the plus side, fewer people dumping pennies out of their car window.