Goodbye penny. Hello inflation?

I agree the penny needs to go but without the 1cent piece inflation can only move in increments of 5?
Maybe its just that we dont need any MORE pennies; plenty in circulation. Also tax will need to be adjusted to only be collected such that anything less than 5 or 10 cents are not calculated.
How thats gonna work? Idk. do you?

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hippyjoe1955 · 70-79, M

With the advent of debit cards and credit cards you still get exact amounts when you use cash it gets rounded up or down. Canada has had that policy for quite a few years now and nobody even questions it. I do remember when the penny was worth something but now it is a waste of metal. I often think that the dime should be our new penny and simply move the decimal place over one.