Trump was claiming that the reason that he wanted to stop minting the penny was because the metal was worth more than the value of the penny (while true, that’s not where the real cost of the penny comes from; it’s rather from the handling and processing costs). I assume that that was to pander to someone, so I’m wondering if maybe there’s a segment of the MAGA crowd that’s obsessed with the metal value versus face value of coins.
The hilarious thing is that these MAGA geniuses think that it costs 3.5 cents every time we use a penny, and that is obviously a bad deal, and Libz are too stupid and deliberately wasteful to understand that.
The MAGA Economists haven’t figured out that it may cost 3.5 cents to manufacture it, but then it gets used millions of times, so the cost is amortized over those millions of uses, not just one.
The thing that will ultimately save us is MAGA’s virtuosic incompetence.
Trump was claiming that the reason that he wanted to stop minting the penny was because the metal was worth more than the value of the penny (while true, that’s not where the real cost of the penny comes from; it’s rather from the handling and processing costs). I assume that that was to pander to someone, so I’m wondering if maybe there’s a segment of the MAGA crowd that’s obsessed with the metal value versus face value of coins.
The hilarious thing is that these MAGA geniuses think that it costs 3.5 cents every time we use a penny, and that is obviously a bad deal, and Libz are too stupid and deliberately wasteful to understand that.
The MAGA Economists haven’t figured out that it may cost 3.5 cents to manufacture it, but then it gets used millions of times, so the cost is amortized over those millions of uses, not just one.
The thing that will ultimately save us is MAGA’s virtuosic incompetence.
Whatever happened with that?
kagis
Looks like it’s going forward. 2026 should be the last year that the US mints the penny.
https://en.wikipedia.org/wiki/Penny_(United_States_coin)