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Canada

Joe Shlabotnik

(5,604 posts)

3. I think its a populist sounding, headline grabbing diversion.

Reply to applegrove (Original post)

Thu Mar 29, 2012, 09:17 PM

Mar 2012

Production cost, inflation and inconvenience have made this move a no-brainer for a long time. What concerns me more is whats buried in the budget. This is the Conservatives first majority budget, and they have the power to set the long term agenda without worrying about consequences. Eliminating the penny will keep talking heads on TV from discussing raising of the retirement age, MP pension reform, gutting of environmental regulations, and squeezing the CBC. Also Its another step towards a cashless, airtight controlled economy

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16 replies

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Canadian Federal Government budget does away with the penny. How does that work exactly? [View all] applegrove Mar 2012 OP

I don't understand why the hell we don't do away with the penny doc03 Mar 2012 #1

We did it years ago in Aust. 1c & 2c coins. And yes round up/down. TheMadMonk Mar 2012 #2

This amounts to.... murphyj87 Apr 2012 #8

That's not how it works from what I understand. laundry_queen Apr 2012 #10

That's what Canadian Republicans hope..... murphyj87 Apr 2012 #11

You do understand there is no point to them doing that, right? laundry_queen Apr 2012 #12

Outright Profit? murphyj87 Apr 2012 #13

That's what contribution margin alludes to. laundry_queen Apr 2012 #14

The Canadian Republican party... murphyj87 Apr 2012 #15

Way to avoid the topic. laundry_queen Apr 2012 #16

I think its a populist sounding, headline grabbing diversion. Joe Shlabotnik Mar 2012 #3

It worked to divert me. That is the only thing I picked up on on the local news at 6PM. Did not know applegrove Mar 2012 #4

I think it is $115,000,000 over 3 years *I think* Joe Shlabotnik Mar 2012 #5

I'm sure Mansbridge will have more on it at 10:00 PM. applegrove Mar 2012 #6

I'm happy to see them go, but I do think this is about the timing Posteritatis Mar 2012 #7

I think it's been a long time coming, but yes, it is interesting timing. polly7 Apr 2012 #9