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View Poll Results: Should the Penny be Eliminated?
Yes 5 5.62%
No 82 92.13%
Not Sure 2 2.25%
Voters: 89. You may not vote on this poll

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  #1 (permalink)  
Old 06-19-2005, 09:07 AM
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Question Eliminate the Penny??

I saw this survery on iWon.com either yesterday or on Friday and thought it interesting.

Some Americans - including CBS News commentator Andy Rooney - believe that the U.S. government ought to seriously consider eliminating the penny from circulation. They have argued that the one-cent coin is practically worthless, and that pennies usually end up out of circulation anyway since most people end up accumulating the coins rather than spending them. Proposals to eliminate the coin and round up currency amounts to the nearest five-cent mark have been considered in previous sessions of Congress.

Do you think the U.S. government should eliminate the penny from circulation?
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Old 06-21-2005, 02:07 AM
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No! Then they would just round everything up you pay for. No thanks LOL! I'll save my pennies. It eventually adds up :P
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Old 06-21-2005, 03:50 AM
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No way!!!

Apparently these people have never seen how a penny lights up the eyes of a child who is just old enough to not put small objects in their mouth. And are just starting to understand what money is!

Not to mention, a penny, found on the ground is a message from god!
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Old 06-21-2005, 07:26 AM
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Of course Andy Rooney thinks we should, he has plenty of money and doesn't need to "pinch pennies" LOL!

I agree with W2W, that is exactly what would happen. We would all end up paying higher prices for things. Higher sales tax (since they would have to round up the percentages to get even numbers), higher prices on things... plus the American marketing concept would be out the window... what would happen to you can buy this for just "$19.99"!

LMAO!
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Old 06-22-2005, 06:35 AM
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I voted NO!

I think we'd be paying higher prices on things. I happen to have a change jar, and it is loaded with pennies and other coins. They just don't lay around in the jar. They get cashed in!

Well, there's my two cents! LOL



Lauri
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Old 06-22-2005, 01:24 PM
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Quote:
Originally Posted by danstigerangel
I voted NO!

I think we'd be paying higher prices on things. I happen to have a change jar, and it is loaded with pennies and other coins. They just don't lay around in the jar. They get cashed in!

Well, there's my two cents! LOL



Lauri
and in years to come, no one would understand "my two cents" lol hehe
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Old 06-23-2005, 02:27 PM
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Quote:
Originally Posted by FamilyCorner
Of course Andy Rooney thinks we should, he has plenty of money and doesn't need to "pinch pennies" LOL!
Just like ttouslee said, nobody will understand what "pinching pennies" means anymore!!! hehehe

I don't want them to get rid of the penny. I agree that we will be paying more for everything, since we have to round it up, and it's just as easy to add that extra penny to round it up.

And, besides, what would happen to the tradition of kids making wishes in the fountain??
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Old 06-23-2005, 03:35 PM
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I don't want it eleminated either. For all the reasons everyone else has given. I save my pennies too and they get put in rolls and added to my savings acct. I generally don't spend any change and it winds up one day in savings acct. Right now that is aimed towards me getting to my class reunion in Sept. And after that will start again aimed at Christmas most likely or whatever.
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Old 06-23-2005, 04:56 PM
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I don't want it eliminated either for the same reasons the other posters gave. There was a time when I was rolling pennies to put enough gas in my car to get to the grocery store and back. Now I save them and eventually put them in the bank. Also, what would happen to 2 + 2 = 4 and the 99 cent store?


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Old 06-23-2005, 05:50 PM
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blushing Nooooooooo

I agree with all the other reasons whole heartedly. My mother-in-law would put all extra money into a jar. When the jar got full, she put it in the savings account. When the savings account had a certain amount in it, she put a percentage into a IRA. When DH, the youngest of 8, was in High School he asked them how much they were worth. With everything, they had 3/4 of a million dollars. That's how pennies work. They have been on 2 missions for our church and now spend their time doing exactly what they want every day. They are in their 70's and I think they did the right thing with the change.
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