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.
this post was submitted on 22 May 2025
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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.
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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?
I saw an interview with an economist years ago where he said that if we just followed the accepted rules of rounding (1-4 rounds to 0, 5-10 rounds to 10) then it would work out about the same. In reality I’m sure companies would just pocket the extra money
They already do with sales tax. ( If the tax works out to a fraction of a cent, almost every register or POS system will round up...it's a tiny amount per transaction, but it does happen and adds up over daily, weekly and monthly transactions)
I write POS software, and have written tax calculations that cover about 30 states, and several CA provinces.
While we do have to round (always up) when calculating sales tax, there's no way for the business to figure out how much that rounding would be, since it's just added to the tax collected.
And in all states that I've worked with, a business has to pay what they collected (even if they over collect), and can't just calculate a percentage of total sales (since many states have tax tables, rounding rules, or 3-4 decimal tax rates, and not a flat percentage tax).
So it's actually the government that gets the benefit of the rounding.
Didn't know that was the case, thanks for correcting me.
I write POS software
I don't know if you're in any position to suggest decisions, but your software is often run on subpar hardware. Going to touchscreens doubled our call time, it was because of the half second or so of loading between touches. It couldn't be used naturally because of the delay.
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I write POS software
Don’t be so hard on yourself!
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Yes we all saw office space
Yes we all saw office space
The ol Superman III
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.
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Oddly reminiscent of the Roman empire.