If you ran a business with a product that cost you twice as much to produce than to sell (penny costs 2.4 cents to make and is only worth one cent", wouldn't you entire discontinue that product or find a cheaper way to produce it?
Those that say to keep the penny are wasting our taxes that go to the government to mint this penny.
The government finally stopped distributing the golf dollar presidential coins because no one would put them into circulation. I am not sure if they actually quite minting them or slowed down the minting process. I do know that they are still available from dealers at a highly inflated price.
Personally, I would say to quit minting pennies. Something has to be done to start reining the spending in the government.
Z
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Jacksonville, Florida
Andover, New Jersey
The Villages
Second star to the right, then straight on 'til morning.
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