Note that the legal framework for phasing out the coin is entirely absent. This was an illegal act as well because only Congress determines what money exists and will be used according to the Constitution.
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Now do daylight savings!!
No one can agree on which time to use so time change will never go away. It's really annoying. I don't give a shit which we use, just toss of the ducking time change. It's 1 hour, people gotta chill.
Sunset at 5pm sucks, it feels unnatural, let it be dark early in the morning idgaf I want the sun to be out when I get off work
I agree with you but also I don't care anymore lol. I just want the change gone. No one agrees on which though. Someone needs to just flip a coin and we all get used to it and adjust
Someone else mentioned children waiting for the bus get run over at a much higher rate if it's dark early in the morning, which is a pretty valid argument
That being said, I'd much rather it get dark later in the day
Fuck at this point does it even matter? The time change is bullshit on a baseline so long as it's done on the state level it shouldnt be too bad since eventually one of them will probably win out.
I say we compromise and just shift to the half hour in between then. What a stupid disagreement
They tried in Ohio. They couldnt stop running over kids waiting for the bus in the morning dark so it was reverted.
I am a champion of the idea of keeping daylight saving over standard time but I am more and more starting to think that the time change is the best compromise we are going to get with the people who insist on getting to work at 8am in the light.
They tried permanent DST in the '70s for a few years. People hated it so much we went back to switching the clocks.
Let's look at NY city.
June 21th longest day, sunrise is at 5:24 am (Set 8:31 pm)
December 21th longest night, sunrise is at 6:42 am (Set 4:32 pm)
If you got rid of daylight savings time then the sun would rise at 4:24 am in June and set at 7:31 pm.
(Most people in NY probably want the extra hour of light at 7:31 pm instead of 4:24 am)
If you kept permanent daylight savings then the sun would rise at 7:42 am in December and set at 5:32 pm)
(Most people in NY probably want some light before 8 because it's going to be dark after dinner anyways)
So many people are awake before 8 am compared to 5 am
So many people enjoy the light at 7:30 pm in the summer
Switching really is the sweet spot for NY
Location is definitely important too in hating or liking DST
Ontonagon, Mi sun sets at 5:25 pm tonight (7:58 am rise)
Dexter, Me sun sets at 4:10 pm tonight (6:33 am rise)
Same time zone, both northern cities.
If we didn't get off DST Ontonagon wouldn't see the sunrise until almost 9 am today
People in Dexter might have preferred to stay on DST getting light between 7:33 am to 5:10 pm today
The farther west you live in a time zone the less you like DST generally. Farther east, the more you like it.
Ontonagon is so west it should really be in Central Time zone.
If that was the case then the sun would set at 4:25 pm tonight (6:58 am rise) (basically Dexter ME times)
At that point they might want to stay on DST and it would make it exactly what it was today, sunset at 5:25 pm tonight (7:58 am rise)
I live both north and east of NYC, I want the later sunlight in summer and winter. The first hour of light is wasted on me and many others. Farmers maybe not, but around here that’s pretty much over by late October anyway.
I’ve also lived at the most extreme opposite end of the Eastern time zone in Michigan, and like the late evening sunlight even more!
Thing is you can't make everyone happy.
Daylight savings time sole objective is to move 1 hour of sunlight in the morning to the evening.
I'm not sure how it's supposed to help farmers unless they want to sleep in and work an extra hour into the evening. I think that it helping farmers is more of a myth.
So much of DST is misunderstood
Most people I have heard hate daylight savings time because "the sun sets so early in the winter"
Yet that's the outcome of not staying on permanent DST. Winter is standard time.
Others hate the switch. Once again it's because we don't stay permanently on one.
I'm with you though, I enjoy the extra hour of sunlight in the evening.
I just think humans don’t work well with such a sudden change even just 1 hr. Maybe there’s a way we could add/remove a minute every day over two months or something lol
Just get rid of half of it. I love "fall back." I hate "spring ahead."
CGP Grey must be doing the crab dance
Abolishing the USD cent comes way too late.
Was abolishing the half penny in 1857 a good idea? If so, then abolishing the quarter would be a good idea today. It has about as much buying power as the half penny did in 1857.
Yeah, but honestly getting rid of coins is an admission that inflation is high relative to 40-50 years ago. When pretty much every government wants to keep that fact out of the public consciousness. Especially the current US government who wants to both claim we don't have inflation at all, and are the ones getting rid of the penny.
I've been saying we should drop the penny for almost 2 decades, but I still kind of look at getting rid of the penny as a sign of our current government's abysmal handling of inflation.
So I don't know the term for it, maybe it's just propaganda, but a quarter feels like it has value.
The penny however doesn't have that feeling. Vending machines often say "No Pennies" and toll booths say "No Pennies", even though the Penny exists everyone sorta already agreed the Penny wasn't worth the hassle.
I think you could probably convince people the same is true for the nickel. Although eliminating just the nickel is tricky since you'd keep the dime and quarter and that divides weirdly. So you should also remove the dime but that now really starts to feel like it had value.
But the quarter. That would be a hard sell. You're basically eliminating all coins at that point. Unless you plan on making the half dollar wayyy more popular.
When we got rid of the half penny it was worth more than what dimes are worth now. Quarters are the only useful coin. We should be rounding all transactions to the nearest quarter.
Should just have dimes.
$1.1 $1.2 $1.3
There's no reason to break our currency into thousandths. Hardly a reason to break it into hundredths.
Could keep quarters to keep hundredths
Transactions already need a nickel to do 5 cents. So requiring a quarter to do 5 cents isn't crazy.
Say you have to pay $1.05
Dollar and 3 dimes, quarter in change.
$1.15
Dollar and a quarter, dime in change.
But I think just dimes are needed
Just dimes would probably work logically, but it would feel too weird. If you're going just dimes, you probably just want to go all in and say no coins.
50 cent piece would be the way to go. Should then also really push $1 coins, and add in a $2 and $5 coin, although I don't know if Americans would realistically use them. Coins are much more durable than paper currency though, which would save a lot of money long term
I mean the dollar coin never caught on. I know we still printed the dollar bill, so maybe you could force it by halting the dollar bill. But overall I don't think new coins are the answer.
Based on one source, Cash is only ~20% of transactions. Maybe it will always be 20% or maybe it will be smaller and smaller as time goes on.
I think you're better off eliminating current coins.
Paper dollars make no sense either.
I feel like we should be normalizing $1, $2, and $5 coins at this point. I know $1 coins exist, but nobody uses them. If I drop a $1 coin in a tip jar, people say sarcastically "thanks, that 25 cents will go a long way" because they think it's a quarter.
Canada has $1 and $2 coins, but it's all irrelevant as 99% of transactions are digital tap cards.
Soon:
A: "Penny for your thoughts" B: "Lol, okay Gen Z"
When Trumpflation kicks in they'll need to stop minting more denominations too.
Good, while we're at it we should redecimalize. A coin that can't pay for a significant portion of something is worthless. People used to buy snacks with coins, and like, thats where they thrive. Coins are more expensive than bills but they can change hands a lot more times. A dime for a soda or a cheap snack, maybe a nickel if it's a good deal on a bag of chips is about right.
Like, this isn't even a monetary policy failure, it's just something that should happen every century or two in an inflationary economy with a 5% target.
The rule should be "if you pay with it at a restaurant it should be a coin" because it represents a daily use rather than weekly or monthly and much higher levels of wear and tear.
If not for credit cards we'd probably need $10 coins.
How will we request thoughts? Will we be left with only prayers? Noooo!
Welcome to the 21st century America. Canada ditched its penny over a decade ago.
Japan wants a word with you.
They still have the 1¥, they can speak up when they don't have a coin for 0.65c. Like they do a lot right with money, I love how large of denominations are coins, going up to the equivalent of 3.25USD, but still the 1¥ coin…
Does their economy reflect value for lower denominations? Here in the west, a penny is practically useless. Costs are through the roof. If it still has a value, it is worth keeping around.
That final penny struck is going to sell for a shit ton of money.
Funny thing.
A few days ago I looked through my pockets and found a 1935 penny. Copper pennies were collected and melted down in WW2; the pennies from that era were steel.
It wasn't worth a lot but it was an interesting find. Back in the day, you could buy a cigarette or a newspaper with that penny. I wondered how far it had traveled, and what they'd used it for.
1943 was the one year they made the zinc plated steel pennies. They've been various ratios of copper before and after (from 88% to 97%) until 1982, when they turned to 97.5% zinc with a 2.5% copper plating.
https://en.wikipedia.org/wiki/Antimicrobial_properties_of_copper
See, you learned something.
I’m gonna shit on a penny and put it in your hand and see what link you send me
Yeah, I remember your mom saying you really liked to shit on things and carry them around.
Weird that you like to talk about me when you fuck her.
Funny that you assume I'd sleep with her.
She likes to talk while she cleans my toilet and I want to make sure she doesn't try to get drunk drinking the Listerine.
I’m glad that bitch is scrubbing toilets in hell.
So NYC sales tax being 8.875. My $1 purchase is no longer $1.08, but $1.10. Good deal
This is why it would've been better to do this legally because there's going to be 10,000 corporations and banks trying to superman 3 everyone's rounding errors (eg rounding up for customers and down for taxes). This is going to create a lot of really stupid embezzlement scandals and lawsuits. Not to mention you can still pay in pennies with a credit card.
This could end up costing you hundreds of cents!
There are enough in circulation that nobody will miss the lack of printing for decades
I work at a bank, and people are trying to buy all of our pennies as collectors and leave none for the people who are actually going to use them. it's a clusterfuck lmao
The penny died pretty quick in Canada, I would argue and say it’ll be gone within 3 years, tenders will just round up/down the total and no longer hand them out.
That seems off
Where are you getting this millions of years number? Seems really unrealistic considering millions of humans live at altitude and have barely enough oxygen in the air as it is
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