A committee of the Senate in Canada has recommended that the one cent coin be discontinued. It is felt that there are too many of these coins already
in circulation and that they are largely useless.
Here is how a letter writer to the Toronton Star responded to this notion.
Let me get this straight. A committee of the Senate wants to get rid of our one-cent coin because it's outlived its usefulness. Isn't this the pot
calling the kettle black? Let's get rid of the Senate first and then work on our coins.
And by the way, Canada has never had a penny coin. That's a British denomination. Since 1858, we have had one-cent coins.
Bob Aaron, Toronto, Orillia
Mr. Aaron is obviously unelectable in Canada. He's too smart.
Getting rid of the penny is the sort of thing you hear from spelling reform morons, who don't understand that as long as people have different
accents, there cannot be a uniform phonetic spelling for words
. To think otherwise is to fall prey to a solipsistic illusion.
Similarly, Canadian senators, who rarely encounter the one cent coin as anything other than pocket ballast, have come to regard it as unnecessary.
I am far from a sophisticated maven on the subject of economics, but surely getting rid of the one cent coin automatically raises the price of
everything four cents and under, upward
to a nickel. Don't let those con artists at the banks or those simpletons at the Star tell you
that there will be rounding off done in the opposite direction and that it will all even out.
Effectively, the Senate is saying that nothing is worth less than five cents
. Is that true?
Well, no it isn't. That will be true only for people making cash transactions.
Credit card payments and payments by check will continue to be allowed access to that part of the number system below the value 5.
The Senate committee is recommending the penny only be eliminated from cash transactions. It would continue to be recorded in bills paid by cheque
or credit card.
Is there a hidden agenda here? Is government trying to phase out cash and to phase in comprehensively traceable transactions
Need I ask?
The Senate is not saying from now on all economic forcasts will have an undetermined increase of up to 8% (4 up, 4 down) built into their margin of
. That margin of error has been downloaded just to your cash transactions.
The Senate is
saying that charities all across the country can do without thousands of dollars worth of pennies, dropped into little boxes
at the checkout counters of innumerable stores
That is one of the most important uses
of what to the Senate committee, is a useless coin. It shows how disconnected that "house of the
connected" really is.
They aren't saying this but surely it follows that those crooked bank clerks, who have used various "rounding off" schemes to steal millions from
banks, provide the paradigm by which millions of dollars will be stolen from the Canadian public, everywhere they shop
Getting rid of the one cent coin is a sneaky way of stealing 4% of purchasing power from the cash portion of Canadians' spending.
Finance Minister Flaherty is not as stupid as a senator or an editorial writer for the Toronto Star, so he probably is aware that getting rid of the
one cent coin will accelerate inflation.
I don't think this initiative will happen.
Surely there will be problems at the checkout counter. One will be presented with two bills. One bill, the accurate one will apply to payment by check
or card. The other one, the rounded off one will apply to a cash payment.
This dog ain't gonna hunt.
One of the tip offs and surely a red flag for most people will be the observation in a Toronto Star editorial that:
Australia and New Zealand have already scrapped their pennies. It is time for Canada to follow suit.
That's one of the most "Canadian" (intellectually constipated) observations I have ever read in the Toronto Star. And there's a recommendation for ya.
An Australian did it, so it must be a good idea, lol.
Am I a know nothing crackpot, who should just shut up? (OK don't all answer at once.) Or am I right about this?
Keep the penny. Deduct 4% from all payments to senators.
edit on 17-12-2010 by ipsedixit because: (no reason given)