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Trump says he has directed US Treasury to stop minting new pennies, citing rising cost (apnews.com)

submitted 1 month ago by BrikoX@lemmy.zip to c/usa@midwest.social

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President Donald Trump says he has directed the Treasury Department to stop minting new pennies, citing the rising cost of producing the one-cent coin.

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[–] SwingingTheLamp@midwest.social 4 points 1 month ago (3 children)

This is a good idea, but it feels nefarious given the context. Assuming it's on the level, do nickels, too. Let's just round to 1 decimal place.

[–] TaiCrunch@sh.itjust.works 3 points 1 month ago

Maybe not nefarious, since it's been a public idea for decades. He does like to put forward those ideas like he's the one that thought of it. This one's a net positive so let's just let him play with the unplugged controller on this one.

Unless it turns out he and/or Elon bought something with copper. Which wouldn't surprise me.

[–] sorghum@sh.itjust.works 1 points 1 month ago

Reverse split the Dollar?

[–] Didros@beehaw.org 1 points 1 month ago

We voted for it years and years ago, it just goes into effect now

[–] Ep1cFac3pa1m@lemmy.world 2 points 1 month ago (1 children)

I wonder how the “cashless society is slavery” feel about this

[–] doingthestuff@lemy.lol 5 points 1 month ago

I'm against cashless society, but I'm also for getting rid of the penny. We should have done it at least a decade ago. I carry cash and keep some change in my car, the penny is worthless.

[–] Ascrod@midwest.social 1 points 1 month ago

Can we also get rid of the paper dollar bill while we're at it?

[–] huf@hexbear.net 1 points 1 month ago

he's gonna alienate the crucial demographic of penny-cultists!