| ▲ | terminalshort 14 hours ago | |
If you believe this is going to cause chaos or significant burdens on merchants I have got a bridge to sell you (but I don't take pennies). This quote tells you all you need to know. > The government’s phasing out of the penny has been “a bit chaotic,” said Mark Weller, executive director of Americans for Common Cents. The pro-penny group is funded primarily by Artazn, the company that provides the blanks used to make pennies. | ||
| ▲ | zahlman 10 hours ago | parent [-] | |
The same thing happened many years ago with the same company (previously called Jarden Zinc). > Americans for Common Cents is a non-profit lobbying group dedicated to the protection of the one-cent coin. The group is primarily interested in preserving the penny for economic and historical reasons. In 2012, Executive Director Mark Weller was paid $340,000 by Jarden Zinc to discuss issues relating to minting with members of Congress and the US Mint.[41] Weller has acknowledged this funding, saying that “We make no secret that one of our major sponsors is a company that makes the zinc ‘blanks’ for pennies."[42] Weller has testified on multiple occasions before Congress. In 2020 Weller testified that the use of cash protects privacy, provides economic stability and "is a public good" that should not be replaced by mobile money.[43] | ||