- Who are the ’30 under 30′ rising stars of Florida politics?
- Sen. John Thrasher makes the cut; will be interviewed Tuesday for FSU president’s job
- St. Pete embraces the International Day of Peace
- Study shows Florida voters rejecting federal internet sales tax push
- FSU survives Clemson; can its reputation survive ‘Jameis being Jameis’?
- U.S. Rep. David Jolly calls on more days in session for Congress
- Meet Kevin Cleary — one of the 30 under 30 rising stars in Florida politics
Canada drops the penny; will the US ever do away with it?
Canada will withdraw the penny from circulation this year, saving taxpayers about C$11 million ($11 million) annually and forcing retailers to round prices to the nearest nickel, the government announced in its budget [Thursday].
Doug Mataconis wonders if we’ll ever get with the program:
The situation is actually even nuttier here in the United States, where it costs 2.4 cents to produce each penny, but efforts to eliminate the penny have always died in Congress. The President’s new budget included a proposal to allow the US Mint to study the use alternative metals in coin production in the hope that this would reduce costs, but that’s likely only a short term measure.
A couple months ago, Tim Fernholz examined the groups that don’t want to change our coin system, like zinc miners and businesses with a stake in vending machines:
The penny paradox is a dilemma at the heart of democratic government—a engaged, concentrated group of people who benefit from spending can keep it going, even if it’s not in the broad public interest.