majordojo

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.

Filed in Current Events, It's Funny, Laugh and tagged mint, money, penny, rant, video