Law and Rights
We blogged the other day about the wastefulness of the government printing one dollar bills instead of making one dollar coins, which last easily ten times longer than the paper does. There's more to the story.
It turns out that in a recent poll only 19% of the public was in favor of replacing all one dollar bills with one dollar coins until they learned that doing so would save American taxpayers over $522 million every year - then the number jumped to 65% wanting it to happen.
Still, it's all just an estimate of what the savings would be, but Shawn Smeallie with the pro-coin group Dollar Coin Alliance, noted that "The truth is nobody is quite sure exactly how much the US taxpayer and business and to save by making this switch - when Canada moved to a dollar coin two decades ago, savings were more than ten times the initial government estimates."
Since the first of 2011, they calculate that the government has lost over $90 in savings that could have occurred by switching to the dollar coin. And over 3 billion dollar bills are shredded each year because they are worn out. So we use short-life paper and then shred it all and throw it away? The US government is literally throwing away money.
So if the Canadian savings is any example, a serious amount of change could be saved by making the change. You can find out more about the whole thing at www.DollarCoinAlliance.org online. You and I don't like to waste our money. Isn't it about time the government acted that way too?
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- Dollar Stores Now Outnumber National Retail Pharmacy Chain Stores
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- Changing Paper Would Save Us $500 Million
With the federal deficit never ending and never lowering, there could be an easy way to make at least a half billion dollar dent in it. There is one thing they (or we) could do that would reduce the federal paperwork by over $522 million. It's simple....
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In a recent court case, Ford was required to back back a lemon car and to pay back to the consumer the amount that the selling dealer increased the actual purchase price in order to pay off the consumer's trade in. That's a first. Called "negative...
Law and Rights
One Million Dollars a Day is what it costs to use the dollar bill in your pocket instead of using a dollar coin
We blogged the other day about the wastefulness of the government printing one dollar bills instead of making one dollar coins, which last easily ten times longer than the paper does. There's more to the story.
It turns out that in a recent poll only 19% of the public was in favor of replacing all one dollar bills with one dollar coins until they learned that doing so would save American taxpayers over $522 million every year - then the number jumped to 65% wanting it to happen.
Still, it's all just an estimate of what the savings would be, but Shawn Smeallie with the pro-coin group Dollar Coin Alliance, noted that "The truth is nobody is quite sure exactly how much the US taxpayer and business and to save by making this switch - when Canada moved to a dollar coin two decades ago, savings were more than ten times the initial government estimates."
Since the first of 2011, they calculate that the government has lost over $90 in savings that could have occurred by switching to the dollar coin. And over 3 billion dollar bills are shredded each year because they are worn out. So we use short-life paper and then shred it all and throw it away? The US government is literally throwing away money.
So if the Canadian savings is any example, a serious amount of change could be saved by making the change. You can find out more about the whole thing at www.DollarCoinAlliance.org online. You and I don't like to waste our money. Isn't it about time the government acted that way too?
Burdge Law Office
www.BurdgeLaw.com
Helping consumers avoid wasting their money, since 1978.
www.BurdgeLaw.com
Helping consumers avoid wasting their money, since 1978.
Subscribe in a reader- Dollar Stores Now Outnumber National Retail Pharmacy Chain Stores
Another sure sign that people have changed their ways? Dollar stores - stores that specialize in selling items priced at $1 or less - now outnumber all the drug stores in the country. It's a sign of the times that there are now over 21,500 "dollar"...
- China Buys Saab - Are They Buying Everything?
Well, there's good news and, maybe, bad news. Chinese companies, encouraged by government bureaucrats to expand ownership of foreign companies and assets, have now pledged to buy Saab, the Swedish auto maker that has been struggling to survive ever...
- Changing Paper Would Save Us $500 Million
With the federal deficit never ending and never lowering, there could be an easy way to make at least a half billion dollar dent in it. There is one thing they (or we) could do that would reduce the federal paperwork by over $522 million. It's simple....
- Auto Help On The Way?
Corporate "suits" from the Detroit Big 3 showed up in Washington DC to testify before the US Congress on November 19 on why they needed to be part of the government's latest handout --- er, bailout --- program. It didn't help that they each flew...
- Burdge Wins; Ford Loses
In a recent court case, Ford was required to back back a lemon car and to pay back to the consumer the amount that the selling dealer increased the actual purchase price in order to pay off the consumer's trade in. That's a first. Called "negative...