Trump goes there.
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BTW it's another trump lie, although he missed the opportunity. Trump said it costs 2 cents for every 1 penny... it actually costs 3.7 cents for every penny.
@89th said in Trump goes there.:
BTW it's another trump lie, although he missed the opportunity. Trump said it costs 2 cents for every 1 penny... it actually costs 3.7 cents for every penny.
And like most Trump lies, it is not a lie.
That link up the top there shows this quote:
"For far too long the United States has minted pennies which literally cost us more than 2 cents."
3.7 cents is more than 2 cents
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Had somebody try to pay cash for a $15K piano yesterday. Up and until I pulled a form 8300. They changed their plans and paid $9900 cash and put the rest on a card…
The Brad
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Had somebody try to pay cash for a $15K piano yesterday. Up and until I pulled a form 8300. They changed their plans and paid $9900 cash and put the rest on a card…
@LuFins-Dad said in Trump goes there.:
form 8300
One of the many useful forms that will go away when the IRS is shutdown.
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We talked about this before a bit.
https://nodebb.the-new-coffee-room.club/topic/36237/elon-s-coming/5?_=1739288088508
I agree with President Trump that we should get rid of the penny. One of the European countries did this (maybe Sweden?). Keep prices the same, if the total ends in 3,4,5 - round up to 5. Ends in 0,1,2 - round down to 0.
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We talked about this before a bit.
https://nodebb.the-new-coffee-room.club/topic/36237/elon-s-coming/5?_=1739288088508
I agree with President Trump that we should get rid of the penny. One of the European countries did this (maybe Sweden?). Keep prices the same, if the total ends in 3,4,5 - round up to 5. Ends in 0,1,2 - round down to 0.
@taiwan_girl said in Trump goes there.:
We talked about this before a bit.
https://nodebb.the-new-coffee-room.club/topic/36237/elon-s-coming/5?_=1739288088508
I agree with President Trump that we should get rid of the penny. One of the European countries did this (maybe Sweden?). Keep prices the same, if the total ends in 3,4,5 - round up to 5. Ends in 0,1,2 - round down to 0.
We should make the $100 bill the smallest denomination and then the prices of most every day items will round to $0.
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@taiwan_girl said in Trump goes there.:
We talked about this before a bit.
https://nodebb.the-new-coffee-room.club/topic/36237/elon-s-coming/5?_=1739288088508
I agree with President Trump that we should get rid of the penny. One of the European countries did this (maybe Sweden?). Keep prices the same, if the total ends in 3,4,5 - round up to 5. Ends in 0,1,2 - round down to 0.
We should make the $100 bill the smallest denomination and then the prices of most every day items will round to $0.
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I hadn't really thought about it, but as usual with many things, there are "unintended consequences"
Phasing out the penny could result in needing to make more nickels, and the US Treasury Department loses far more money on every nickel than it does on every penny.
and
According to the latest annual report from the US Mint, each penny cost 3.7 cents to make, including the 3 cents for production costs, and 0.7 cents per coin for administrative and distribution costs. But each nickel costs 13.8 cents, with 11 cents of production costs and 2.8 cents of administrative and distribution costs. These figures are for the government’s fiscal year, which ends on September.
https://www.cnn.com/2025/02/10/business/costs-of-pennies-and-nickels/index.html
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Again, the cost of manufacturing every single individual denomination is irrelevant. The cost of manufacturing currency as a whole is what matters. Otherwise this argument leads to doing away with the nickel, then the quarter, then the dollar…
And what happens to the $250M of pennies currently in circulation?
The Brad
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Again, the cost of manufacturing every single individual denomination is irrelevant. The cost of manufacturing currency as a whole is what matters. Otherwise this argument leads to doing away with the nickel, then the quarter, then the dollar…
And what happens to the $250M of pennies currently in circulation?
@LuFins-Dad said in Trump goes there.:
And what happens to the $250M of pennies currently in circulation?
They're going to be melted down and turned into an enormous statue of the greatest man who ever lived, which will serve as a memorial to his grace, wisdom and wit.
I was only joking
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What are the odds that by 2028, we'll see an order from Trump to include his face on the $100. His reason will be that Franklin wasn't even popular enough to be President! SAD
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@LuFins-Dad said in Trump goes there.:
And what happens to the $250M of pennies currently in circulation?
They're going to be melted down and turned into an enormous statue of the greatest man who ever lived, which will serve as a memorial to his grace, wisdom and wit.
@Doctor-Phibes said in Trump goes there.:
@LuFins-Dad said in Trump goes there.:
And what happens to the $250M of pennies currently in circulation?
They're going to be melted down and turned into an enormous statue of the greatest man who ever lived, which will serve as a memorial to his grace, wisdom and wit.
I think he already started that, look at that YUGE penny behind him!
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Living rent free.
“Cry havoc and let slip the DOGE of war!”
Warning: I post things that interest me. Read and comment at your own discretion.
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@Jolly said in Trump goes there.:
Living rent free.
Yes, he really ought to be paying rent. Maybe that's why he wants all the pennies.
You just know he's got some kind of weird-ass scam in mind
