$2

3/17/2008 12:00:46 PM

Quote :

"Why can't that do away with the penny. Seems like a virtual waste of money and resources by the gov't to mass produce a nearly worthless coin. All purchases paid for in cash can just have the tax rounded to the nearest 5 cents."

when i was there, i noticed that they do this in scandinavia (and i'm sure in a lot of other places, but that's my only experience)...taxes and purchases are rounded to the nearest 5 (i think)...sometimes you come out ahead, sometimes you make a bit...in theory, it evens out (getting a 1 or 2 rounds down, a 3 or 4 rounds up)

huzzah for socio-capitalism!

3/17/2008 12:15:45 PM

A lot of privately owned business, usually small, have a cash price and a credit price for items.

3/17/2008 1:24:19 PM

Yeah, but you have to know to ask for it at most places. I've found that it is pretty common to get around 10% off for cash purchases which can really make a difference. Cash is king because they don't have to worry about stolen credit cards, bounced checks, etc. Just say something like "can you work with me on the price if I pay cash" and most businesses will be pretty straightforward about what they will do for you.

3/17/2008 2:14:26 PM

Quote :

"who is "you guys" and what kind of money do you use?\"

slayed.

3/17/2008 2:29:33 PM

"you guys" = americans...and I'm diversified across sorts of money...admittedly a lot of money in USD, but a lot of assets CAD and other currencies...

"you guys" don't like when your currency isn't the most dominant? cause you better get used to it

[Edited on March 17, 2008 at 10:02 PM. Reason : America, fuck yeah]

3/17/2008 9:50:12 PM

credit card transaction fees are NOT that much

it's not going to put someone out of business

i know this because i have to pay them.

3/17/2008 10:31:46 PM