Canada Gets Rid of the Penny (Huzzah!)

YouTube Description:

How Canada will get rid of the penny and why they're better off with out it.
EvilDeathBeesays...

Hey! Well done Canada! It was worse in Australia, we had 1 and 2 cent coins. Getting rid of them was such a smart move. Now I think Australia should get rid of the 5 cent coin like New Zealand.

spoco2says...

About time... and for the love of all that is cute and furry, America, follow suit. Oh, and while you're at it, switch to $1 and $2 coins.

And make your paper money plastic

And different sizes and colours so that people can tell them apart, even blind people. Seriously, what the hell is it with having a wad of bills that may be $1 or $10 or $100?

US money is seriously retarded.

oritteroposays...

The U.S. does have a dollar coin, it's just that a lot of folk are weird about it... except the politicians who make the mint strike more and more of them to celebrate their own favourite famous people. They really like them.

I don't think you'll find many Aussies or Kiwis who will disagree with the rest of your comment though
>> ^spoco2:

About time... and for the love of all that is cute and furry, America, follow suit. Oh, and while you're at it, switch to $1 and $2 coins.
And make your paper money plastic
And different sizes and colours so that people can tell them apart, even blind people. Seriously, what the hell is it with having a wad of bills that may be $1 or $10 or $100?
US money is seriously retarded.

spoco2says...

>> ^oritteropo:

The U.S. does have a dollar coin, it's just that a lot of folk are weird about it... except the politicians who make the mint strike more and more of them to celebrate their own favourite famous people. They really like them.
I don't think you'll find many Aussies or Kiwis who will disagree with the rest of your comment though
>> ^spoco2:
About time... and for the love of all that is cute and furry, America, follow suit. Oh, and while you're at it, switch to $1 and $2 coins.
And make your paper money plastic
And different sizes and colours so that people can tell them apart, even blind people. Seriously, what the hell is it with having a wad of bills that may be $1 or $10 or $100?
US money is seriously retarded.



Oh, I know they do, but what they don't do is just stop printing the bills... The US Government has this weird aversion to making a decision and sticking with it.

Government: "We will go Metric like the rest of the world"
Some random idiot: "No we won't, that's infringing my rights to keep measuring in an insane manner"
Gov: "Oh, ok, yup, right you are"

Gov: "We're going to stop printing dollar bills and pressing pennies"
Another yokel: "You will not, that's infringing my personal rights to be provided with pennies by my government"
Gov: "Oh, ok, right you are"

It's insane, and it's things like that which keep the US back. They never seem to want to enforce some decision that'll upset a minority (in an unreasonable way) for the greater good.

notarobotsays...

Hurray! Canada gets rid of the penny!

- We also got rid of 19,200 jobs! (1)
- Increased the retirement age to 67 years old for eligibility to receive pensioners. (2)
- Slashed funding to the elections Canada (on the eve of investigations into election fraud!) /Source.
- Scaled back of youth programs including the elimination of the Katimavik work exchange program.
- The news organization most capable of reporting on government actions and fraud is severely cut. (3)

And, it spite of all the cuts due to overspending, we're still committed to purchasing several F-35 JSF "White Elephants" from war profiteers, Lockheed Martin. Link.
Canadians taxpayers are still paying 31 Billion to serve the INTEREST on outstanding debt to private banks. (4)
Universities continue to be so underfunded that 200,000 students protested in the streets of Montreal last month. (5)


(1) This would be equivalent of Obama suddenly eliminating about 180,000 public servant jobs in the United States if scaled for population.
(2) Except for politicians, who can still begin to receive their pension as early as 55 until after the next election. info!
(3) The CBC takes budget nosedive on the chin. Link.
(4) And who benefits from that interest payment? Surely not the same people who contribute to political campaigns!! Harper unwilling to actually cut spending.
(5) http://videosift.com/video/Montreal-Students-Protest-Timelapse-March-22-2012

But, hey, at least we got rid of the penny!!
Focus on the shiny coin!

Winstonfield_Pennypackersays...

Yup - the penny used to have inherent value as a monetary unit. Inflation has rendered that value just shy of inherently meaningless. Between writing checks and paying with debit cards, there is very little need for the physical penny any longer. Just round it to the nickel for cash transactions, and have non-cash transactions keep going to the penny. It's a good plan, and hopefully the US follows suit. At the same time let's make it illegal for gas stations to charge 9/10 of a cent...

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