Poll

4 votes (12.5%)
5 votes (15.62%)
11 votes (34.37%)
15 votes (46.87%)
5 votes (15.62%)
2 votes (6.25%)
8 votes (25%)
9 votes (28.12%)
2 votes (6.25%)
4 votes (12.5%)

32 members have voted

Zcore13
Zcore13
Joined: Nov 30, 2009
  • Threads: 39
  • Posts: 3540
August 29th, 2020 at 5:54:42 PM permalink
Quote: AlanMendelson

The solution is a new series of paper currency. For example these new notes:

$.99
$1.09
$1.79
$1.99

That will eliminate the coin shortage.



That would do nothing. The sales tax rate is different everywhere.


ZCore13
I am an employee of a Casino. Former Table Games Director,, current Pit Supervisor. All the personal opinions I post are my own and do not represent the opinions of the Casino or Tribe that I work for.
ChumpChange
ChumpChange
Joined: Jun 15, 2018
  • Threads: 31
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August 29th, 2020 at 5:59:06 PM permalink
Who keeps making penny slot machines that ask for 88 coins a spin?

When did Canada get rid of the penny?
February 4, 2013
The final penny was minted at the RCM's Winnipeg, Manitoba plant on the morning of May 4, 2012. Existing pennies will remain legal tender indefinitely; however, pennies were withdrawn from circulation on February 4, 2013. Only pennies produced in 1982 or later are still legally "Circulation Coins".

Penny supporters point out that that if pennies are eliminated, all cash transactions will have to be rounded off to the nearest nickel. According to Americans for Common Cents, this will lead to a “rounding tax,” as stores manipulate their prices to ensure that transactions are always rounded up instead of down.
AlanMendelson
AlanMendelson
Joined: Oct 5, 2011
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August 29th, 2020 at 6:05:16 PM permalink
Quote: Zcore13

That would do nothing. The sales tax rate is different everywhere.


ZCore13



Darn it. I've got to work on my comedy writing.
Hullabaloo
Hullabaloo
Joined: Nov 30, 2014
  • Threads: 15
  • Posts: 395
August 29th, 2020 at 6:38:24 PM permalink
Drop the coin but keep the penny, but in an electronic card format.

You buy a beer for $5.25. They take $6 from you, and then give you a card with .75 cents.

You buy another beer at $5.25 and give them a fiver along with your card that had .75 cents, which after the transaction would be .50 cents.

You could have as many cards as you like but a card could never go over 99 cents and you could use up to 2 cards in one transaction, (both of these to reduce theft/scams/etc).

If you could use existing card readers it wouldn't even need a lot of infrastructure. Of course, somebody is probably gonna want to make $$ on it.
Zcore13
Zcore13
Joined: Nov 30, 2009
  • Threads: 39
  • Posts: 3540
August 29th, 2020 at 6:47:21 PM permalink
Quote: AlanMendelson

Darn it. I've got to work on my comedy writing.



That's for sure.


ZCore13
I am an employee of a Casino. Former Table Games Director,, current Pit Supervisor. All the personal opinions I post are my own and do not represent the opinions of the Casino or Tribe that I work for.
DJTeddyBear
DJTeddyBear
Joined: Nov 2, 2009
  • Threads: 178
  • Posts: 10251
August 29th, 2020 at 6:55:01 PM permalink
Quote: ChumpChange

But nickel gumballs are now a quarter.

You’re showing your lack of age.

In my day, THOSE were a penny.

And the premium Good Humor item from the ice cream truck was a quarter. Those are now $3.50!
Superstitions are silly, childish, irrational rituals, born out of fear of the unknown. But how much does it cost to knock on wood? 😁
ChumpChange
ChumpChange
Joined: Jun 15, 2018
  • Threads: 31
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August 29th, 2020 at 8:15:09 PM permalink
Really should bring back the $1,000 bill, but we'll go cashless first.

There's a shortage of $50 bills in Canada after pandemic hoarding - BNN Bloomberg
https://www.bnnbloomberg.ca/there-s-a-shortage-of-50-bills-in-canada-because-people-hoarded-them-at-the-start-of-the-pandemic-1.1462381
Last edited by: ChumpChange on Aug 29, 2020
onenickelmiracle
onenickelmiracle
Joined: Jan 26, 2012
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  • Posts: 7999
August 29th, 2020 at 9:10:38 PM permalink
Quote: AlanMendelson

The solution is a new series of paper currency. For example these new notes:

$.99
$1.09
$1.79
$1.99

That will eliminate the coin shortage.


Are you trying to sound funny or are you trying to sound intelligent?
In the land of the blind, the man with one eye is the care taker. Hold my beer.
petroglyph
petroglyph
Joined: Jan 3, 2013
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August 30th, 2020 at 2:52:45 AM permalink
I used to have a concession trailer that I took to different events, rodeos, auctions and so on. When I changed locations the sales tax's varied a bit and what worked for me was to include the tax in the price. So a good buffalo burger was 6.00, which included tax as did all prices. It made it a lot easier when we had several hundred customers in a day, to just make change by .25 increments instead of cents.

When paying the borough their vig, just take total sales and multiply by the appropriate rate for that jurisdiction.
AZDuffman
AZDuffman
Joined: Nov 2, 2009
  • Threads: 221
  • Posts: 11892
Thanks for this post from:
rdw4potus
August 30th, 2020 at 4:44:53 AM permalink
Quote: ChumpChange



Penny supporters point out that that if pennies are eliminated, all cash transactions will have to be rounded off to the nearest nickel. According to Americans for Common Cents, this will lead to a “rounding tax,” as stores manipulate their prices to ensure that transactions are always rounded up instead of down.



It would not be easy or worth the trouble. Buy multiple items and the tax could work in the buyers favor. Pay electronically and no tax.
All animals are equal, but some are more equal than others

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