this post was submitted on 10 Feb 2025
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President Donald Trump said late Sunday that he has ordered the U.S. Treasury Department to stop producing pennies.

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[–] Linktank@lemmy.today 34 points 1 year ago (1 children)

Something about a broken clock.

[–] disguy_ovahea@lemmy.world 3 points 1 year ago

And the sun on a dog’s ass.

[–] zqwzzle@lemmy.ca 25 points 1 year ago* (last edited 1 year ago) (2 children)
  • ~~somehow~~ probably implements in the stupidest way possible
  • conspiracy theorists hoard pennies
  • ?

What will the chaos monkey do next.

[–] Omegamanthethird@lemmy.world 8 points 1 year ago (2 children)

If businesses aren't legally allowed to round up or down, then they might be stuck having to hoard pennies if they become hard to find.

[–] Arbiter@lemmy.world 6 points 1 year ago (1 children)

Maybe they could stop pricing things at X.99 and just be honest with us.

[–] Little8Lost@lemmy.world 3 points 1 year ago (1 children)

And maybe show the price after taxes (i think it was not common in US to do so, could be wrong come from europe)

[–] Arbiter@lemmy.world 1 points 1 year ago

You’re correct, it’s not shown often.

[–] Chozo@fedia.io 0 points 1 year ago

Have we ever come close to running out of pennies? Given that almost every household in the US has an enormous jar full of them, I'd have to imagine that there isn't even really a need to produce more pennies in the first place.

[–] Kowowow@lemmy.ca 3 points 1 year ago

HE'S TAKING THE US FURTHER FROM THE GOLD STANDARD! /c

[–] Pyr_Pressure@lemmy.ca 21 points 1 year ago (4 children)

Did he literally just cancel it and not put into place any sort of policy or rules in regards to the logistics of doing so or did he actually have a plan to phase it out?

In Canada we have rules in place for things like purchasing in cash and rounding up to the nearest $0.05 or rounding down to the nearest $0.05 depending on what the cost is after taxes but if it's being paid for by card no rounding is necessary. Are any of those rules in place or even thought about it more deeply than penny needs to go? The article doesn't mention anything except cancelling it because of money.

[–] jmcs@discuss.tchncs.de 7 points 1 year ago

Regulating rounding seems like something that needs to be done with a proper law, not an executive act.

So I'm 99% sure he just stopped production and he and his sycophantic merry band didn't think about the consequences.

[–] cazssiew@lemmy.world 2 points 1 year ago

It's trump. There's obviously no plan.

[–] FlyingSquid@lemmy.world 2 points 1 year ago

Yep. Just like his tariffs. Tariffs that don't offer alternatives to American businesses are self-inflicted wounds.

[–] Evotech@lemmy.world 1 points 1 year ago

Trump rarely have a plan beyond the initial order. That's for other people to figure out

[–] Ebby@lemmy.ssba.com 14 points 1 year ago* (last edited 1 year ago) (1 children)

On one hand, long overdue. On the other hand, part of me would rather see Donny T's fugly mug stamped on the front and "One Cent Trump Token" on the back.

Since it's a waste of money, he'd still be screwing us even after he's gone; Ahh, the legacy continues.

[–] partial_accumen@lemmy.world 0 points 1 year ago (1 children)

Only dead Presidents are on money though.

[–] davidgro@lemmy.world 2 points 1 year ago

You say that like it's a counterargument.

[–] pennomi@lemmy.world 11 points 1 year ago* (last edited 1 year ago)

Let no one say that Trump NEVER did anything good.

But we could easily write all of the good things on a postage stamp with room to spare.

[–] BeigeAgenda@lemmy.ca 7 points 1 year ago

Donald J. Trump the petty penny president

[–] Omegamanthethird@lemmy.world 4 points 1 year ago (2 children)

Is there a law saying that companies can round up or down to the nearest nickel? Or do they just assume every business will still have access to pennies?

[–] Charlatan@lemm.ee 0 points 1 year ago

It says nothing about removing pennies from circulation. They're just going to stop making new ones.

I'm down for this 'change' :D