How I Plan to Help #EliminateThePenny (the #Penny that @LastWeekTonight tells WASTES @USmint Money) - #Pennies (OR ... #Pence ha-ha-ha)

... but Penelope can stay ... 😏

Subscribe FREE to be notified when I uncover more strength here.


I saw that LAST WEEK TONIGHT quite-a-while-ago, and I'm surprised it took me so long to come up with 'the way I'll help us eliminate them'—cash-cards.

the way I sort-of 'stumbled into' this solution? in the 'swag bag' I got from Mountain High this year, there was a gift card from McDonalds; and I got into the habit of 'putting more money on the card and using it to pay for my order there' instead of 'just giving them the cash.'

That sound less-efficient; but actually, my usual order there comes out to 'a few dollars' and 51 cents. Like John says people suggest, I would usually 'donate' (i.e. get rid of) that extra penny in the donation-box they keep at the register; but that's essentially giving the poor negative money!

(Although you could say that–though it does give the poor another penny to spend on their food–it steals-&-destroys almost another penny from the U.S. Mint's account—each penny costing 1.7¢ to make.)

And now I see that–if I use the cash-card–I don't have to worry about 'fumbling the wasteful metal into the charity-bucket!'

I'll discuss 'the debate over ggetting rid of it' below; but first—That word (hyperlinked to the Ecosia-search (contributing to re-forestation) for the penny-debate)—there might be something more to that word ... something crucial that firms the foundation upon which the our lexicon stands ...

The word “Penny” is built on ancient words that mean 'Penny' (Latin Denarius (the reason it's sometimes abbreviated "d) ... originally one-twelfth of a Shilling (in England), made of Silver at-first; then they changed it to Copper, then Bronze).
America used that as the name of the coin that represents a "|Cent" (now 1/100th of a Dollar ... formerly 1/19th of the Currency, due to the exchange-rate of |Pennsylvania Money and Spanish Coin).

Etymonline didn't go too far beyond 'that root word' (since their sources didn't either), so I used 'the proto-Germanic words they gave' to find the bedrock-words that mean "|Pan (Coin with a |Concave Form) or Piece of Cloth (as Cloth was often used as a Means-of-Payment)."

Looking-up the foundations of 'Penny' I saw a Forbes-article arguing that we should keep using the penny. Looking for that article to see if it ever tells why, I found another Forbes-article explaining why we should get rid of the Penny!

Basically, they say that 'continuing to use the penny' would boost the money's worth by encouraging the Mint not to over-produce it!


Comments