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Monetary units (was: Types of numerals)

From:John Vertical <johnvertical@...>
Date:Thursday, January 5, 2006, 21:12
Nik Taylor wrote:
> >Tristan McLeay wrote: > >> There are recurring mumbles over here about abolishing the penny and > >> rounding everything to the nearest nickel ($0.05)... > > > > Just don't let it make you think you'll finally see the end of stupid > >"$29.99" pricing. Instead, they become $29.95 and are just as annoying.
Not necessarily. We did just that in Finland (abolished the 1 and 2 euro-cent coins) and I think I've seen much less ".9X" prices after that. XX9.00 prices are still commonplace, tho. There's a word for this phenomenon in "The Meaning of Liff" but I've only read the Finnish version...
>I've never understood the hostility towards pennies, though. Like any >other denomination of coin, if you use them, they're not a problem.
I dunno about hostility, but I can understand the annoyance. Imagine if you had one-thousandth coins instead; would you agree that minting those would be a complete waste of material and effort? You'd need dozens before you could spend them on anything. Now, with pennies, the only difference is that you'll need a ten times smaller pile before they're worth anything. A single penny is still essentially government-produced scrap metal by itself... except maybe to little children, who might be happy to find one on the ground and be able to go buy one gummibear.
>Changing $29.99 to $30.00 wouldn't eliminate the use for pennies, though, >thanks to sales tax. Where I live, for example, $30.00 would come out to >$32.26 after tax (ironically, $29.99 would be $32.25, no need for pennies!)
Hm, here in Finland all displayed prices include the sales tax, so that problem doesn't exist. John Vertical


Nik Taylor <yonjuuni@...>