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.
wrote on 10 Feb 2025, 19:39 last edited by@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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wrote on 10 Feb 2025, 19:53 last edited by
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…
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wrote on 10 Feb 2025, 20:05 last edited by
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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…
wrote on 10 Feb 2025, 20:22 last edited by@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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wrote on 11 Feb 2025, 15:37 last edited by
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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wrote on 11 Feb 2025, 16:00 last edited by
Congress needs to do it but yeah I'm fine with it.
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wrote on 11 Feb 2025, 16:07 last edited by
The BEE needs a headline about Trump following Canada's leadership in their halting of minting pennies (12 years ago).
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wrote on 11 Feb 2025, 16:14 last edited by Renauda 2 Nov 2025, 16:15
For the record;
there was no rage over a lost penny in this country.
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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.
wrote on 11 Feb 2025, 16:23 last edited by jon-nyc 2 Nov 2025, 16:23@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.
wrote on 11 Feb 2025, 16:31 last edited by -
wrote on 12 Feb 2025, 02:30 last edited by
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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wrote on 12 Feb 2025, 04:16 last edited by
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?
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wrote on 12 Feb 2025, 12:07 last edited by
Probably a buyback for x years that banks will have to participate in.
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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?
wrote on 12 Feb 2025, 12:17 last edited by@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.
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wrote on 12 Feb 2025, 12:26 last edited by
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.
wrote on 12 Feb 2025, 12:28 last edited by@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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wrote on 12 Feb 2025, 12:29 last edited by
Living rent free.
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wrote on 12 Feb 2025, 12:35 last edited by
@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
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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
wrote on 12 Feb 2025, 13:03 last edited by@Doctor-Phibes said in Trump goes there.:
@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
No, just look at the posting history around here. The anti-Trumpers gave ramped up by at least 30-40%. Y'all can't help it it...And it's not to comment on whether you agree or disagree with a policy or action, it's a constant denigration spree.
Sometimes it can be funny, but mostly it's a nonsensical dog pile. It's like a constant reminder of how much some want reform to fail and how much some people hate the man.
Maybe George has the right idea...
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@Doctor-Phibes said in Trump goes there.:
@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
No, just look at the posting history around here. The anti-Trumpers gave ramped up by at least 30-40%. Y'all can't help it it...And it's not to comment on whether you agree or disagree with a policy or action, it's a constant denigration spree.
Sometimes it can be funny, but mostly it's a nonsensical dog pile. It's like a constant reminder of how much some want reform to fail and how much some people hate the man.
Maybe George has the right idea...
wrote on 12 Feb 2025, 13:05 last edited by Doctor Phibes 2 Dec 2025, 13:14@Jolly said in Trump goes there.:
@Doctor-Phibes said in Trump goes there.:
@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
No, just look at the posting history around here. The anti-Trumpers gave ramped up by at least 30-40%. Y'all can't help it it...And it's not to comment on whether you agree or disagree with a policy or action, it's a constant denigration spree.
Sometimes it can be funny, but mostly it's a nonsensical dog pile. It's like a constant reminder of how much some want reform to fail and how much some people hate the man.
Maybe George has the right idea...
At some point you'll realise I'm kidding. I know America is SERIOUS BUSINESS. Still....
And I reviewed all the positive things you said about his predecessor. It didn't take long.
