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Abolish the Penny?


schwit1 shares a report: If you are reading this and live in America, or used to live in America, or maybe just went to America one time many years ago, then you are almost certainly performing unpaid labor for the U.S. government and have been for years. How? By storing some of the billions of pen...

The 1-cent coins are wherever you've left them: a glass jar, a winter purse, a RAV4 cup holder, a five-gallon water cooler dispenser, the couch. You -- a scientist of some kind, possibly -- might think an obvious solution now presents itself: Why not encourage people to use the pennies they have lying around instead of manufacturing new ones every year? According to a Mint report, if even a modest share of our neglected pennies suddenly returned to circulation, the result would be a "logistically unmanageable" dilemma for Earth's wealthiest nation.

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