Just have a $1 coin that can snap into 10 pieces like a chocolate bar. And a $100 note that tears into 10 pieces like a book if stamps.
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Cool. Do the dollar bill next. Go buck and doublebuck coin like Canadia did.
If I can't buy a gallon of milk or gasoline with it, it should be a coin.
Guarantee Walmart starts pricing things at $xx.96 and milking $0.04 on every transaction.
If they do it they way we did in Canada, that would round down to 95¢ and you’d get a nickel back
That would be great, but… Murica and all that. If they can fuck us without lube, they will.
Exactly what they did here when we switched to euro
Better late than never. While the momentum is here, get rid of the nickel too.
So what happens when someone pays cash at the supermarket? Who rounds up?
We follow normal rounding rules in Canada. 1, 2 round down to 0. 3, 4 round up to 5. 6, 7 round down to 5. 8, 9 round up to 10.
Can you game the system? Yes!
As a business, make sure all your prices (plus tax) come to a price ending in 3, 4, 8, or 9. When consumers buy a single item you'll get the rounding up (edit: if they pay cash) and make sweet, sweet profit. But if they buy more than one item, you're SOL on controlling the rounding.
As a consumer, you have way more control. First, pay with cash whenever the price will round down and you can probably "profit" 5 or so dollars a year. (Assuming you pay with cash on or two times a day, saving 1 to 2 cents each time.) Pay with credit or debit each time the price ~~will~~ would round up.
Second, you can get real fancy. You can learn tax rules in depth so you know what items will or won't be taxed and at what rate (we have federal and provincial taxes but they don't apply to everything and they don't follow the same rules on what is taxed.) But, you can use this info to always know what the final bill will be and always buy combinations of items that end in 2 or 7 (or 1 and 6 if you're lazy) and always pay cash. You can profit like $20 a year or something doing this.
In reality? No one gives a shit until that one rare time you're paying with cash and it rounds down. It's your lucky day and you do the Six Flags Man dance. It's like finding a penny and picking it up.
Oddly reminiscent of the Roman empire.
They should keep pennies and put Trump's face on them so I can throw them in the trash