[Info-vax] HP stopping VMS paper documentation ?
AEF
spamsink2001 at yahoo.com
Wed Nov 30 00:24:36 EST 2011
On Nov 29, 3:11 pm, hel... at astro.multiCLOTHESvax.de (Phillip Helbig---
undress to reply) wrote:
> In article
> <d33ab982-daa3-42ed-a19f-be709e717... at p16g2000yqd.googlegroups.com>, AEF
>
> <spamsink2... at yahoo.com> writes:
> > The real problem is that there still *are* pennies! :-| I heard
> > recently that it costs two cents to make one cent. (!) Maybe that's
> > why the world economy is a wreck! (~_^)
>
> Even if true, the apparent conclusion doesn't follow, essentially since
> a penny, during its lifetime, is used in FAR MORE than one transaction.
> Snopes has an article on this.
But they are still harmful.
1) If it costs 2 cents to make a penny, then you have to find a way to
keep people from melting them. I suppose that's being done, but still
I think you see what I mean.
2) How much time and effort is wasted making change to this precision
every time someone buys something with cash? Some say that rounding
off to the nearest nickel will hurt the poor. Nonsense. Most prices
end in nine's. The reason is that it makes the item look less
expensive. For example, $7.99 looks much cheaper than $8.00.
Even if you don't believe it, that is what retailers and other sellers
do and that's all that matters for my argument. (This almost certainly
works for gas prices, as the 9/10 in the prices is rarely noticed at
all. [It's actually a leftover from the early days when gas cost 23
cents or so. {I vaguely remember seeing an old pump from my childhood
days with such a price on it.}] So tenth's were a significant part of
the total price.) So if we get rid of pennies the price will not go to
$8.00 but instead to $7.95! This actually *helps* the poor.
And if keeping pennies instead actually helps the poor, why not issue
1/2 pennies, or even 1/10 pennies? It's because at some point it's not
worth it. And due to inflation, nickels are now the best choice for
the coin of lowest value.
It's time to relegate pennies exclusively to coin collectors.
AEF
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