This rant against the penny reminds me of what I still think is a pretty frigg'n good idea:
- Abolish the penny.
- Round all purchases up to the nearest nickel.
- Take the difference and contribute it to a national education fund.
Essentially, one huge, national penny jar.
Although John Green makes some fascinating observations about the penny. Did you know:
- In 1972 a penny was worth what a nickel is worth today. Thank you inflation.
- A penny is only work 1 cent, but it takes 1.7 cents to produce.
- The government spends $70 million a year minting pennies.
- Purportedly, over a $1 billion per year is lost in productivity to people fiddling with pennies.
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