Some days I think I either live under a rock, or my news channel just doesn't report things that I actually care about. I spend half my time online looking up stuff that you'd think they'd mention.
At any rate, the Canadian penny is now an endangered species. The senate has recommended that the penny be removed from circulation, and that guidelines be established for rounding off purchase prices to the nearest nickel.
I am appalled. First, because I love my pennies. Pennies were meant for wishing wells, charitable donations (cash boxes), penny candy, and luck. Pennies are great for nurturing a kid's love of coin collecting. And pennies are money, too.
It annoys me when I go somewhere that has one of those "Have a penny, leave a penny, Need a penny, take a penny" dishes sitting beside the cash register. I have a penny, almost always, and I will gladly spend it. And even if my change is just a penny, I want it back. You know the old adage, "Take care of the pennies, and the dollars will take care of themselves." Well, I don't want to take care of the nickels if the shop keepers get to rip me off 3 cents for every purchase I make. I want my pennies.
I figure if pennies are so annoying to some folks, they have the option of using debit pretty much everywhere they go. Leave the pennies for those of us who care.
One of the reasons the government is considering taking this action, is that we Canadians hoard our pennies, so they, the government has to keep making more. Think about that for a moment. We are hoarding our pennies. We must like them or something? And why is it ok for the mint to continuously produce 'collector' coins- poppy quarters, veterans quarters, olympic quarters, provincial quarters, etc, ad nauseum, which are purposefully designed to be kept as keepsakes? Why are the jars of quarters people are keeping not contributing to inflation? Seriously? This doesn't make sense.
Don't we pay enough in taxes now? Aren't prices for everything high enough already? Commerce got the HST, let the people have the penny! We need a break somewhere. In these tough economic times, arbitrarily deciding that rounding off to the nearest nickel will all 'balance out in the end' just isn't good enough. Face reality. The businesses will work out the prices to make sure they don't lose one red cent, while we, the consumers, will be donating to their profit line!
If pennies cost a cent and a half to produce, why not redesign them? Make them cheaper. Make them smaller. But don't take them away. Save the penny! Contact your MP!