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Goodbye Penny… It’s Been Fun While it Lasted

Published April 2, 2012 - 3 Comments

Take a good hard look at this picture, kids…  Six months from now the lowly penny will cease to be distributed, and every one that you use to purchase something will be sent back to the mint to be melted down into giant sculptures of Emperor Stephen Harper, and placed upon the 4 corners of the land as a warning to all who oppose him.

OK, I might have made up that last part.

Or did I?  Only time will tell…

So the government plans to save roughly $11 million per year by taking the penny out of circulation.  That’s an admirable goal, although I can think of a few easier ways to save a hell of a lot more money than that.  What’s that, you say?  Lifelong Senate appointments?  Insanely lucrative MP pension plans?  Solid gold crappers at 24 Sussex Drive?  OK, I might have made up one of those… but it’s kinda hard to tell which one, isn’t it?  They all seem comical.

Now when you go to buy something, you will either pay more (or less) depending on whether you are purchasing with a debit/credit card or cash.  If you’re using a card, then Bob’s your uncle and you have nothing to worry about.  But if you’re paying with cash… well…

“The rounding will not be done on single items but on the total bill of sale. If the price ends in a one, two, six, or seven it gets rounded down to 0 or 5; and rounded up if it ends in three, four, eight or nine.”

Why is it that I can picture some people standing there trying to calculate whether they should be using cash or card, just to save a penny.  You laugh! But I can think of at least one person who I’m positive will do just that.  And I’m sure that you probably know someone who will too!

When I first heard the idea of ditching the penny (this has been talked about for years) I thought it was crazy, but I’m sentimental like that.  When I read through the CBC article, and noticed how many other countries had abandoned their lower valued currency… well, maybe it’s not such a crazy idea after all.  Still, I’d like to see some other cost-cutting measures taken by our democratically elected dictator… but that’s a post for another day.  Assuming they don’t pull my plug in the meantime.

So get out there, Canada, and spend those pennies… unless you’re worried about them being melted down into giant sculptures…