921–930 of 981 posts
Why can’t we do a reverse split of our currency? Print new dollars and change and on some date new dollar is the effective currency and you can trade in 10 old dollars for one new dollar?
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It might be a little bit cumbersome, but I don't think it's impractical. With only quarters and dimes it's difficult to pay $0.05 or $0.15, but it's possible. If I owe you $0.05, I must give you a quarter and you give me two dimes. Or I give you a $20, you give me $19 in paper money, three quarters and two dimes. If I owe you $0.15, I must give you a quarter and you give me one dime. If I owe you $0.95, I can't give…
> But, if we stopped minting pennies because they cost too much (3.7 cents), it's hard to imagine we're going to keep producing nickels when they cost 13.8 cents to mint. Dimes are much cheaper than nickels (5.8 cents), and quarters aren't too bad relative to face value (14.7 cents). Coins aren’t disposable. Why does it matter if the production cost is higher than the face value?
But, while coins are durable, the Mint has been making billions of pennies every year since the 1950s, and yet retailers have trouble sourcing enough pennies to make change. They do tend not to be recirculated, even if they're not disposable.
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It's wild to see you downvoted. Only about 10% of blind people know braille. There are many more people who have visual impairments but are not blind. Braille is not a universal solution (though I would rather have it than not have it).
Chiming in to complain that a good, working solution to a problem just doesn't happen to solve ALL PROBLEMS is just banality or perhaps pedantry. Unless it was also proposing an alternative that might do better... Braille on money also doesn't help dyslexic quadrplegics with dysesthesia... Checkmate.
If you have a good, working solution that's widely used worldwide, and someone suggests a worse solution that works for fewer people, it's more than fair to point out that "your solution is worse, less common, and works for fewer people".
Your last sentence is a low effort strawman, I'm not sure why you felt it necessary to include.
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And sales tax varies a loooooot, and change constantly There's 12000+ distinct sales tax regimes in the US https://sovos.com/content-library/sut/state-by-state-guide-t...
Individual stores generally only have to deal with one. Set the prices at the store, and make them tax-inclusive while you're at it. This isn't rocket science. Companies serve billions of web pages per second. We can't handle 12,000 tax calculations?
Often not a choice the retailer has. Local laws often require the shelf price be "not tax-inclusive".
Reasons why vary, one common one is that in some instances different customers pay different rates (or none at all).
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I happen to live in one of the few districts in CA that has a republican representative. I was looking forward to voting him out but then CA got gerrymandered and now we'll likely have a Democrat representative next term. I didn't like our republican representative but it seems kinda shitty that the folks who did like him and voted for him suddenly didn't get a say in who their representative ought to be. I mean, sur…
The voters did get a say in California which at least had the process require a referendum. The other states that have done mid cycle gerrymandering just forced it on their population.
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The 500-euro bill is being phased out for similar reasons. Though it's worth noting a 100-dollar bill was worth more than twice what it is today when Pablo Escobar died.
And many stores do not accept 200 Euro bills due to the same reason.
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> Because Canada is just part of the U.S. As a Canadian, I'm amused to hear this because it is basically true as a first approximation. Random factoid - Canadian coins ($2, $1, $0.25, $0.10, $0.05, $0.01 (withdrawn)) come in almost the same denominations as US coins ($1 (uncommon), $0.05 (rare), $0.25, $0.10, $0.05, $0.01), and they are the same diameter and thickness, but maybe having different weight and magnetic p…
> If you take a random person and teleport them between a random mix of Canadian and US cities, I think they'll find it hard to tell the two countries apart. The primary language is English, the accent is the same, the streets and buildings look the same, people watch/listen/read much of the same media, and so on. On the surface, I agree 100%. Dig deeper and the differences are stark. Years ago I came from Australia…
In what ways do you find northern midwest US states (Minnesota, Wisconsin, etc.) substantially less "friendly" than Canada?
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> It's amazing to me that people consider "saving time while paying money" to be a good thing. If you’re checking it at a grocery store it’s likely there’s someone in line behind you waiting to pay, it’s a fairly common aspect of physical transactions. Waiting for you to count out your pennies is the kind of thing that evokes rage in people because it’s so rude.
> If you’re checking it at a grocery store it’s likely there’s someone in line behind you waiting to pay I usually use the self check-out which is usually not at all busy when I get there. > Waiting for you to count out your pennies I was explicitly talking about using a debit card, and as I established repeatedly throughout the thread, my country hasn't used pennies for over a decade. But on the occasions that I pay…
> using SYZ technology to save time is a moral imperative
Saving other people’s time is the imperative, the technology bit is simply how that happens. People can for example fill most of a check out before they know the exact amount, but you rarely see it.
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> But, if we stopped minting pennies because they cost too much (3.7 cents), it's hard to imagine we're going to keep producing nickels when they cost 13.8 cents to mint. Dimes are much cheaper than nickels (5.8 cents), and quarters aren't too bad relative to face value (14.7 cents). Coins aren’t disposable. Why does it matter if the production cost is higher than the face value?
Look, the Mint has one job, to make money. If it's losing money, it doesn't make cents. :P But, while coins are durable, the Mint has been making billions of pennies every year since the 1950s, and yet retailers have trouble sourcing enough pennies to make change. They do tend not to be recirculated, even if they're not disposable.
I realize this is a joke but again, my objection is that this is the actual reason given.
> But, while coins are durable, the Mint has been making billions of pennies every year since the 1950s, and yet retailers have trouble sourcing enough pennies to make change. They do tend not to be recirculated, even if they're not disposable.
These are all better reasons than the one we were given.
For one, think of all the POS systems stuck on old firmware. These are the details.
Sure a lot of "easy" solutions come to mind.