Is It Time to Kill the Penny?
Yes.<p>Canada stopped producing pennies in the fall of 2012. [0]
The sky didn&#x27;t fall.
There was no great debate, no public opinion polls and politicians swearing heartily about the demise of our great nation. (Ok that&#x27;s probably not true.  For too many politicians that&#x27;s all they do.)<p>There was resistance when Canada dropped the $1 bill in favour of a Loonie (a $1 coin with the image of a loon on it).  People bitched about having too much change in there pocket, pockets became too heavy, etc.  I do however see more coins in tip &amp; donation jars now then I ever saw paper money.<p>This is a key difference between US policy &amp; Canadian policy that I have informally noticed while growing up on the border (with family ties on both sides).<p>Canadian government:  We think it&#x27;s a good idea, so we&#x27;re going to do it.<p>US Government: Lets have more opinion polls, and countless politicians swearing against any decent public reform or change to the status quo.  Watch the media whip the public up into a frenzy.  I guaranty that this will create a more frantic response and airtime then the BLM &amp; Police Reform protests did.<p>Side note: If you drop the penny, for the love of $diety change your sales tax structure so that it&#x27;s a multiple of 5.   5%, 10%, 15%, etc...  Since Canada changed but left the taxes the same (14% in Ontario IIRC) there seems to be a lot of rounding-off in favour of companies instead of consumers.
$0.01-$0.02 per transaction * millions of transactions per day has got to make some accountants happy.<p>[0]<a href="https:&#x2F;&#x2F;www.cbc.ca&#x2F;news&#x2F;canada&#x2F;canada-s-penny-withdrawal-all-you-need-to-know-1.1174547" rel="nofollow">https:&#x2F;&#x2F;www.cbc.ca&#x2F;news&#x2F;canada&#x2F;canada-s-penny-withdrawal-all...</a>