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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsDeep Red County Begs Trump to Reconsider War on Pennies
A deep red county in Tennessee has called on President Donald Trump to reconsider his order to the Treasury Department to stop producing pennies. Residents in Greene County, which is home to Artazn LLCthe maker of all of the countrys unstamped pennies, have warned that there will be significant job losses if Congress approves the move, The Greenville Sun reported. Jeff Taylor, CEO of the Greene County Partnership, said he was disappointed that Trumps decision would cost American jobs in the county, which voted 82.3% for the president in the 2024 election. Americans for Common Cents, a pro-penny group with Artzan, said, overhead expenses at the Mint would remain [if the penny were eliminated] and would need to be absorbed by other coins, increasing their per-unit costs. Additionally, without the penny, the demand for nickels would rise to fill the gap in small-value transactions. Trump announced the new cost-cutting measure last week, writing on Truth Social, For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful!
https://www.thedailybeast.com/deep-red-county-begs-trump-to-reconsider-war-on-pennies/
FoxNewsSucks
(11,683 posts)it's way past time they find that out.
Red Mountain
(2,336 posts)to keep costs down.
They'd be working for.......pennies.
Takket
(23,698 posts)boston bean
(36,929 posts)dem4decades
(14,028 posts)boonecreek
(1,506 posts)you helped sow the wind, now reap the whirlwind.
WarGamer
(18,590 posts)They can find better jobs.
B.See
(8,371 posts)timms139
(538 posts)want's the Eloon and Trump cult to fire everyone until a policy comes home to roost that affect their wellbeing .
Bengus81
(10,141 posts)SWBTATTReg
(26,252 posts)unique unit equating to 1 cent, such as a piece of candy or something like that.
There are literally billions and billions of pennies...I don't really foresee a shortage.
Johnny2X2X
(24,161 posts)We lose money making them, they have no real use anymore.
Vinca
(53,926 posts)That would guarantee penny production for at least 4 years. Poor MAGAs - not even worth a tiny violin.
Martin68
(27,653 posts)MagickMuffin
(18,315 posts)which voted 82.3% for the president in the 2024 election
I guess this IS the government YALL voted for, reap your rewards!
Wonder Why
(6,928 posts)4catsmom
(667 posts)why would a billionaire and a grifter with golden toilets care about the working man? They just want to siphon all the money out of the US and needed your willing assistance.
MMBeilis
(455 posts).....affect THEM directly, costing them jobs and income. But the fact that it has to do, literally, with "pennies" somehow makes it all the more perfect.
Xolodno
(7,349 posts)Which way do you round on goods and services? At what interval?
We have a stock, bond, metals, etc. markets that transacts in pennies, how do you account for that?
It would be a major headache.
The easier solution would be to issue new currency after inflation has out stripped the old currency value. But even that has problems and is only used as an option in extreme circumstances. Such as, at what point do you stop accepting old legal tender to convert to the new?