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70sEraVet

(5,442 posts)

14. Our monetary system should be based on something of a tangible value

Reply to BumRushDaShow (Original post)

Thu Mar 12, 2026, 01:29 PM

Thursday

Not just tangible, but something simple and necessary -- something that would convey a basic sense of COMPASSIONATE value.
Let's say, one dollar equals one dozen eggs; a half-dollar would equal half a dozen eggs, etc. The smallest denomination would be one egg.
The federal minimum wage would always ensure that a worker would be able to feed his family, without having to convince a roomful of Republican lawmakers every few years that it is contrary to a nation's interests to let workers starve.

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State lawmakers rush to set rounding rules for when there are no pennies [View all] BumRushDaShow Thursday OP

When I do pay cash I tell the clerk to keep the pennies. twodogsbarking Thursday #1

Pricing Timewas Thursday #2

A nickle costs 13.8 cents each Historic NY Thursday #4

That's true! I looked it up. 70sEraVet Thursday #13

Depends on how you define cost as the money spent is money that also flows into the economy. cstanleytech Thursday #18

But they last decades and get spent countless times. The cost is also offset by how cheap it is to print a 20 buck bill Blues Heron 21 hrs ago #28

Really? Timewas Thursday #24

Fractionalize currency has been around since somebody decided sea shells were a problem Historic NY 22 hrs ago #25

I wondered about that also - how do you make the taxes always end in a nickel? rurallib Thursday #6

You would have to revalue the currency with nubucks or some such Blues Heron 21 hrs ago #30

Because of our regressive sales taxes IbogaProject Thursday #11

My 2 cents Historic NY Thursday #3

It seems like they were always rounding up and keeping the extra. mackdaddy Thursday #5

Can we round it up to a nickel and give that extra to the billionaire class? rurallib Thursday #7

It honestly would not surprise me if they try doing something like that. cstanleytech Thursday #19

My local McDonald's has adopted nearest nickel for cash transactions. hay rick Thursday #8

I find it more than pathetic that we need a law to clarify rounding up or down in the marketplace zeusdogmom Thursday #9

30 Years ago I could buy small resses PB cups for 3 cents. Today if I droped 3 cents no one would pick it up. Jacson6 Thursday #10

Yes, but 30 years ago a gum ball cost 2 cents . . . Journeyman Thursday #12

WOT????!!! Jacson6 Thursday #16

And then a dime. And then a dollar... Torchlight Thursday #22

Our monetary system should be based on something of a tangible value 70sEraVet Thursday #14

Did you look closely at the cents that would be rounded up or down? slightlv Thursday #15

Canada Maninacan Thursday #17

A cent coin is not a commodity, it's a token, like a certificate. It's worth what it is by fiat, not by cost. eppur_se_muova Thursday #20

Next up...that $19.95 thingamabob will be rounded up to 3825-87867 Thursday #21

Stores are rounding down, not up Deminpenn Thursday #23

At our store yesterday (NJ), a customer was on the verge of a meltdown no_hypocrisy 22 hrs ago #26

I've done that before. It's fun in Walmart bucolic_frolic 21 hrs ago #29

All this nonsense could be avoided if they would only bucolic_frolic 21 hrs ago #27