Tracking toy tariffs

canprime said:
In the end it says more about the state of the economy, and inflation, than anything else. Part of the reasoning up here was also what actually can you get for a penny anymore?
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This is the economic argument - even if the US penny didn't cost more than a penny to produce, the reality is there are no transactions that truly require less than 10 cents anymore - you can't walk into any store/business in the US and spend less than 10 cents as your total. Anything that individually costs less than 10 cents (like say a single nail, or a single slice of bread) can be easily bundled into a group for 10 cent increments.

We are just used to 2 decimal places for pricing, but at this time 1 decimal places is enough precision for differentiating prices on low cost goods. (Things that we measure by the weight or by the liquid volume for pricing can just be recalibrated to 0.10 increments).

The US should really discontinue the nickel and quarter as well, and have a dime (for now), half-dollar, dollar and five-dollar coins along with 10 and 50 bills which would be enough for almost all legal transactions before electronic transfer would kick in. And require taxes to be built into prices and fees to be in 0.10 increments so that all prices fall to 1 decimal places.

Paper money does have value though, especially for people and situations when having electronic transfer is impractical (locations outside of networks, small transactions, events and fundraisers, etc.) or for people who cannot afford traditional banking or electronic devices - still a thing.
 
There would still be a need for $100 bills as that’s what is printed in the greatest of numbers. Mostly just so there is a real, tangible, piece of paper for every dollar in the economy and they mostly live out their life getting transported in mass between banks.
 
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altcunningham said:
I like the cut the decimal idea, but it makes me wonder about the marketing trick of the old .99 or Wal-Mart .97 trick that is proven to move units when $1 would not.
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Hence why we DON'T make these types of changes; billion-dollar corporations have too much vested interest in their manipulative marketing tactics and 'creative accounting' bullshit.
 
We are in the final hours before decision time.

This article gives me but a modicum of hope. But being realistic and lowering my expectations.

I feel like this is the out Trump hopes for.

Because doing an about face would mean admitting fault, thus taking a hit to his pride.

...but a Supreme Court ruling. Ah, what a gift. He could make a big stink and production out of it for his bade thst still buys the horseshit. He can say "I tried my best! But you see what the SC said. This country is going to go to Hell, but only I can fix it" like he has for the last God damn decade.

We shall see this week.

 
Trump et al are already prepared for a ruling against them. They'll switch to another reasoning/law to keep applying the tariffs if the Supreme Court rules against them.

However so far the Supreme Court has shown little interest (the conservative majority) in reigning in Trump and his terrible actions. Alito and Thomas have shown they will twist and turn themselves any which way to get a conservative ruling passed. The other 4 have been less willing, but not by much. Remember Thomas said precedent isn't set in stone and can be overturned/ignored.

I'm still of the belief that the SC as it is made up now will willing rule in favour most of the time to help Trump/Republicans/Conservatives in the US. Then if the Democrats get power back magically all those rulings were wrong and the SC will bring the hammer down on any attempt to fix the damage being done.
 
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