Now will they have pressed nickel machines
The church crowd collectively shitting themselves over what to leave for a tip at brunch
Oh please, they’ve been using those fake dollar, judgemental prayer notes for years
I’m not familiar. What is that?
They’re slips of paper designed to be folder that look like a folded 5, 10, 20 dollar notes but when you open them its just a prayer or a note about how you’re going to hell for greed because you expected money. Some people leave them as tips for some reason
They should throw them in the collection plate when that is passed around.
They’ve been planning for this. Church ads with faux dollars printed on the front cost less than a penny to print.
Is this a thing for church people… Are they notorious bad tippers?
church people are notoriously bad everything
it’s why they have to go to church. because they can’t just be good people.
Yes. The sunday “after church” brunch is considered the worst possible shift in any resturant open for it.
Tends towards self righteous and demanding people who enjoy flaunting status and casting judgement. It also runs older, and older people tend to tip what they tipped in the past, and not keep up with inflation.
$2 might have been nice in 1988, but it isnt going far in 2025.
Also the worst retail customers when they are either finished with lunch or waiting to be paged for their table
Another thing the president is not supposed to be able to do unilaterally.
The dime is currently worth less than the halfpenny was when it stopped being minted because it wasn’t useful to do so anymore.
This is wildly overdue, and honestly, probably not far enough.
Thanks CGP Grey. You keep moving them goalposts.
Just like how the federal minimum wage needs to be over 22 dollars, not just Fif-Teen bucks an hour </bernie>
…what?
Isn’t a halfpenny worth half a penny so a dime is worth twenty times more?
One dollar in 1950 had far more buying power than one dollar does now. Something that cost a dollar in 1950 would cost nearly $14 in 2026.
The halfpenny, when discontinued, could purchase roughly as much as 12¢ could today.
At that time, it was decided that a halfpenny wasn’t necessary, as transactions were of a high enough value that made tracking the numbers to the half-penny needless, and that you could just round to the nearest penny.
The equivalent today would be rounding to either the nearest dime or quarter, eliminating the need for smaller denomination coins.
But something worth a dollar in 1950 is worth the same as something that’s worth a dollar now in 2025.
Okay, let’s try to break it down for you.
Let’s say that, in 1950, you could buy 10 apples for a dollar. Would you agree that, in 1950, 10 apples were “worth” $1? One dollar’s “worth” of apples was 10 apples?
Now, let’s say today I can buy one apple for one dollar. Would you agree that 1 apple was “worth” one dollar? That one dollar’s “worth” of apples was 1 apple?
Now, if we assume that the “buying power” of a dollar is measured in “how many apples a dollar can buy,” that my current dollar is “worth less” than a 1950 dollar, because it purchases me fewer apples? That the two “dollars” have a different “number of apples I can buy” property?
Yes, in each case I’ve purchased a “dollars worth of apples,” but it’s very much meaningful to define how many apples that is, and track how that changes over time.
And if I cancelled the halfpenny because it wasn’t worth having when it could only buy 1 apple, but right now it takes 12 pennies to buy 1 apple, then perhaps I should have gotten rid of the penny a long time ago. And the nickel. And probably the dime.
That’s not how inflation works. “Worth” is a pretty variable term, “buying power” is typically a better description.
Think of it like this, using somewhat made up numbers. In the 50s you could get a cup of coffee for 10 cents from a diner. That same cup of coffee in 2025 costs like 2.50 dollars. Is the coffee “worth” more in 2025? No, it’s the same 8oz cup of coffee but the money has less buying powerBut you give a store a dollar back then and you got a dollar’s worth of goods and now you still do.
You get a dollar’s worth of goods, but the amount of goods you get is less, because a dollar is worth less.
Well the dollar is worth the same (a dollar) but the goods are more expensive.
I assume testfactor means in economic value / purchasing power.
A sensible decision, and one other countries have made before. If anything, this would probably have happened sooner, if US coins didn’t have affectionate nicknames that tended to accumulate sentimental associations. (There are a lot of sayings mentioning pennies, which will now lapse into the realm of archaism, alongside nursery rhymes mentioning pre-decimal British currency. There will also be dudes keen to explain that, actually, a penny was a 1c coin, and some of them will get the details confidently wrong.)
I can think of “penny for your thoughts,” and “I don’t give a red cent,” and arguably the very concept of “penny loafers,” but all of those are already fairly archaic. What are some others?
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Thought one: Did they bother to legislate how cash transactions will work without it?
Thought two: dollars should just become cents. Then we can go back to the days of “ten candies for a penny” that my grandma always talks about and maybe old people will see how unaffordable things really are
Thought one: Did they bother to legislate how cash transactions will work without it?
Congress did not. Apparently it causes issues in some states.
In some states and cities, it is illegal to round up a transaction to the nearest nickel or dime because doing so would run afoul of laws that are supposed to place cash customers and debit and credit card customers on an equal playing field when it comes to item costs. So, to avoid lawsuits, retailers are rounding down.
Per AP
It’s also silly because a bill was introduced in April to answer this question, but it’s just sitting around. You know how busy Congress is nowadays. (Also similar bills have come up in the past, but also just sat around and nothing became of them.)
If you’ll pardon my insanity for a moment, there is something to be said for the Executive branch making a decision that the Legislative branch refused to make. The Legislative have ceded so much power to the Executive that they should be embarrassed. I wish this was front page news about political overreach. Instead it’s just, “Yeah, everyone knows Congress can’t do shit.”
Apparently it causes issues in some states.
… issues that would not be rendered moot by the supremacy clause of the Constitution!? If Congress passes a law saying that because the federal currency will no longer include a $0.01 denomination, all cash transactions must be (either rounded to the nearest $0.05, or must have change values in multiples of $0.05), states are obliged to follow this law. As it is, the mint will just stop making a kind of money, leaving states in the lurch, and potentially inviting lawsuits from state attorneys general.
Yes, they would be rendered moot IF (and hopefully when) Congress passes a law.
The last penny was minted today. Companies have already begun to struggle with a lack of pennies.
This isn’t a problem that will happen if Congress does nothing. This is a problem that is happening because Congress did nothing.
Exactly! TBH, I’m surprised. The GOP’s God King said, “make it so,” and they haven’t done his bidding. The one time their spineless adherence to anything Trump wants could’ve actually been popular, and we get nothing. An astonishing level of incompetence! For shits and giggles, a Democrat should push for the bill to be taken up, just to watch the GOP leadership shoot it down because they can’t take credit for it. An official “not like that.”
That’s the crazy part, they did, back in April!
Two US House members, one Democrat and one Republican, and two US Senators, one Democrat and one Republican introduced the bill.
The bill isn’t even that long, https://www.congress.gov/bill/119th-congress/house-bill/3074/text
That’s an easy bipartisan win. I’m not against having a few committee’s review it and getting everything in order… But six plus months for something this simple?!
The “must pass” legislation gets slapped together over a weekend and everyone complains that they don’t get time to read it. They post all over social media a towering bill full of last minute margin changes.
But no one has taken time to move forward a two page pamphlet in six months?
It’s truly mind boggling.
We’re long overdue for an Amendment to bar one branch from ceding its power to another. Biggest catch to that is that it may reinforce the recent ruling on deference. Someone like Trump writing detailed regulations is about as scary as Congress doing it.
Honestly the entire districting system should be dropped in favor of statewide party list voting.
Gerrymandering has ensured that every district is like a dick shaped blob on every map and your local rep might live further from you than the nearest 3 other reps.
Personally I kinda wish that power that Congress refuses to wield shouldn’t be pushable to the executive but instead decays back to the states. Basically cedeing power to the presidency should be effectively impossible, but power decaying back to the states should be the norm.
Basically cedeing power to the presidency should be effectively impossible, but power decaying back to the states should be the norm.
I can’t wait for the yanks to rub in my face that “AcKsHuAlLy, MeDiCaL mEtH iS lEgAl In WeSt ViRgInIa” while ignoring that women initiating divorce is illegal in idaho.
EDIT: maybe I fucked it up, but it’s already intolerable when shitheads brag about “The USA has legal weed” when it’s in certain states with many restrictions, and ignore all the shit that other states ban, like abortion. Or, permit, like child marriage.
Of course not, they will leave it to the free (unregulated) market.
Thought one: Did they bother to legislate how cash transactions will work without it?
Funnily enough, Canada has not had pennies for a while. (Uh, it’s funny because you’re on lemmy.ca)
In Canada, cash transactions round to the nearest nickel (so $1.03 becomes $1.05, and $1.02 becomes $1.00).
Yes, I know this. :)
That’s what prompted my question. That was legislated so that stores couldn’t pick their own way of doing it.
Ah, great point!
Welp, so much for adding to my pressed-penny collection
You can still add to it up until every penny currently in the wild has been pressed or destroyed. 🤷♂️
Great, now we can blame millennials for killing the penny. /s
How will we pay each other for our thoughts?
Pay in bulk.
When you want to give one fuck, give 'em a buck.
A buck for a fuck.
Either a nickel or a bean
Making it hail bouta 5x in cost.
Just another sign of rampant inflation.
Ehh we’ve been long overdue for this, tbh
But penny-pinchers beware: as businesses start rounding up prices, the move is expected to raise costs for shoppers. One study by researchers at the Richmond Federal Reserve estimated that could cost consumers $6m annually.
…or when divided by the population (currently 342 million), under 2 cents per person.
In the US attention has now turned to the nickel, which has a face value of five cents but costs nearly 14 cents to produce. Retiring that coin would have a far bigger impact on shoppers, costing consumers some $55m per year, according to the Richmond Fed study.
…or about $0.16/person.
In exchange, everyone gets to:
- Carry around less change
- Spend less time waiting for change or behind people getting change at the register
- Pay for things with coins easier
However, nickels only result in an annual loss of about $17.7m/year right now, so economically it would still be a net-loss, dollar-value wise.
Hell of a run, boys!
cheapest diy nut washers
just use the sink ffs
A long time coming
