If we get rid of the penny, how will the politicians approach those “minor” tax increases? I’d rather pay $3.51 for a gallon of gas vs. $3.55. We have so many taxes we don’t even think twice about which are in – and increased in denominations of a penny: sales tax, numerous items on your phone, electric, solid waste, natural gas/propane bills etc. It’s much easier to swallow a penny increase than it is a nickel.
I’d rather pay $3.51 for a gallon of gas vs. $3.55
Prices of things are not going to change, you just will not get change for anything that would require pennies. ie: $3.41, 3.42 would round down to $3.40 and 3.43, 3.44 would round up to $3.45.