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Personal Finance Topics / Macroeconomic Trends and Risks
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Author: Steve203 🐝  😊 😞
Number: of 3853 
Subject: Re: can't pay a penny for a thought
Date: 11/02/25 9:40 AM
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Back in 1972, we traveled to Italy. While it seemed customary to round prices up relatively meaningless amounts

The USD has depreciated about 90% since 1960. A Dime now, has the buying power of 1 cent then, so rounding to one decimal point now, is no more of a "ripoff" than rounding to two decimal places then. The full "Plan Steve" would also eliminate the nickle, and, the quarter, because, without pennies and nickles, you can't make change for a quarter. The coin units going forward would be the Dime, described as a "tenth of a dollar" vs "ten cents", then a half dollar, the size of a nickle, but gold, and the gold dollar coin that was produced several years ago. In the late 90s, the vending machines in the lunch room at the Office Depot warehouse I worked in took Susan Bs. Put a $5 or $10 bill in the bill changer in that lunch room, and you got Susan Bs. I would presume the vending machine company choose to create a Susan B ecosystem in that lunch room due to coins performing more reliably in the vending machines, than dollars. Besides, due to their greater weight, you can count a bucket of coins by weight, vs a less reliable dollar bill counter.

I am now seeing tip cups on every horizontal surface - bakery counters, supermarket checkout lines, fast food checkouts and so on.

One of the local Burger Kings has had a tip bucket on the counter. I was using cash at the Subway, because their credit card terminal offers several levels of tip, along with no tip. The Gilmore Museum's cafe has the same sort of credit card terminal.

Steve
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