SENATE BILL: Kill the Penny Act (Failed)

[tmthforu94]

So, under this act, my interpreation is that the penny will still be used, just no more will be made. Kinda like what the US did with the two-dollar bill.

It'd be cool if some sort of program was created to recycle all the old pennies into new coins or something else.

[tmthforu94]

So, under this act, my interpreation is that the penny will still be used, just no more will be made. Kinda like what the US did with the two-dollar bill.

It'd be cool if some sort of program was created to recycle all the old pennies into new coins or something else.

Uh, the penny would still be legal tender and not totally removed from circulation under this law. Only production ends.

Yeah, that's exactly what I said my interpretation was. What's your point?

I still think it'd be a good idea, as a way to phase out the penny, to think of some sort of recycling program so pennies aren't just thrown away.

[tmthforu94]

So, under this act, my interpreation is that the penny will still be used, just no more will be made. Kinda like what the US did with the two-dollar bill.

It'd be cool if some sort of program was created to recycle all the old pennies into new coins or something else.

Uh, the penny would still be legal tender and not totally removed from circulation under this law. Only production ends.

Yeah, that's exactly what I said my interpretation was. What's your point?
I still think it'd be a good idea, as a way to phase out the penny, to think of some sort of recycling program so pennies aren't just thrown away.

The point being obviously that since pennies will still be used, recycling is totally unnecessary and you are only trying to complicate the law.

I'm throwing out suggestions. Call that complicating the law if you want, I don't care.

I'm saying if another purpose being considered is to phase out the penny, which I've heard of from other Senators as a possibility, I hope the Senate will then consider some sort of a recycling program.

[tmthforu94]

That is an unreasonable suggestion. Or, to use your term "dangerous".

Referring to phasing out the penny, or recycling old pennies? And why do you think it is unreasonable?

[tmthforu94]

That is an unreasonable suggestion. Or, to use your term "dangerous".

Referring to phasing out the penny, or recycling old pennies? And why do you think it is unreasonable?

Phasing out the penny would be unreasonable because not all of our transactions currently run to the nearest nickel. Pennies serve a purpose, it is the cost of production that makes a proposal to end production hold merit. Pennies haven't lost their use as a currency simply because production ends.

You make fair points. I never said I supported phasing out the penny, I've just privately heard it come up. I'm just saying if it does come to that, I hope the Senate will consider some sort of recycling program rather than billions of pennies laying around in our houses and in dumps.

[tmthforu94]

You've made some excellent points, Marokai. Certainly changed my opinion on the bill.

[tmthforu94]

Aye

Why?