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460 points andrewl | 1 comments | | HN request time: 0s | source
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Night_Thastus ◴[] No.45903609[source]
I'd say screw it, get rid of nickles and dimes as well. Quarters can stay, for now.

It's a complete waste of money and time continuing to mint such low-value currency. It can't be used for just about anything.

Unfortunately, I do see the problem with part of this. For a handful of items where it does matter, it will force people to use cards more if they want to avoid rounding. And the card providers already have a choke-hold on retailers, and the whole thing is basically a scheme that funnels money from the poor to the wealthy via interest and fees on the consumer, interchange fees, and rewards programs.

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bbarnett ◴[] No.45904256[source]
I know you're referencing more than pennies, but to speak to pennies, I find the current rounding noise in the US to be weird. Likely, it's just more of the media, talking heads, and youtube personalities trying to turn a nothing into something, story.

Back when we did it in Canada, I don't recall a single person I knew concerned about penny rounding. Everyone was sick of pennies. No one cared. Everyone was happy. And the math seems fair enough:

https://www.budget.canada.ca/2012/themes/theme2-info-eng.htm...

Basically, if something is $1.01 or $1.02, you round down. If it's $1.03 or $1.04, you round up. Rounding is to be applied after all taxes are paid, etc.

Of course, there was also central guidance and, well, everyone just followed it. It's called "having a society".

People blathering on about stores fixing the rounding are morons, there's no way to do so if you buy more than one item. No one gets ripped off with the above method. In the end, it just works out.

And really, who cares?! It's a penny.

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simpleguitar ◴[] No.45904436[source]
As the article points out, there are laws that say people who pay via SNAP debit cards "cannot be charged more than others".

If cash payments are rounded down, but debit card payments aren't, they are in violation of state law.

The article also points out that rollback of pennies in Canada and other places were planned, addressing these kinds of issues. USA is doing it with no such planning.

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internetter ◴[] No.45904567[source]
Can you not argue that the average is the same and thus the law isn’t violated?
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immibis ◴[] No.45904776[source]
Does the law say the average price must be the same, or does it say the price must be the same?

Reality: the supermarket does it the common sense way, and never gets sued, but if they do get sued, the outcome is "you must now refund 2 cents from every SNAP transaction you ever did"

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1. hcknwscommenter ◴[] No.45905011[source]
Very unlikely that would happen. The way similar issues have been dealt with in the past is that settlement is negotiated to something "reasonable" (at least arguably so) and administrable. Probably the settlement amount would just go to a fund that the state would then distribute according to its priorities.