Mark Zuckerberg
๐ค SpeakerAppearances Over Time
Podcast Appearances
Okay, give me a second as I go into my pocket. I have a quarter and a dime and two pennies.
Okay, give me a second as I go into my pocket. I have a quarter and a dime and two pennies.
Okay, give me a second as I go into my pocket. I have a quarter and a dime and two pennies.
My name is Mark Weller. I'm executive director of Americans for Common Sense.
My name is Mark Weller. I'm executive director of Americans for Common Sense.
My name is Mark Weller. I'm executive director of Americans for Common Sense.
Exactly. Americans for Common Sense is spelled C-E-N-T-S.
Exactly. Americans for Common Sense is spelled C-E-N-T-S.
Exactly. Americans for Common Sense is spelled C-E-N-T-S.
We have a lot of support from coin collectors and many of those started collecting pennies when they were younger. There's certainly a nostalgia people remember when they were younger of saving pennies and other coins and making a purchase through the saving and what that symbolizes for thrift and the ability of being patient.
We have a lot of support from coin collectors and many of those started collecting pennies when they were younger. There's certainly a nostalgia people remember when they were younger of saving pennies and other coins and making a purchase through the saving and what that symbolizes for thrift and the ability of being patient.
We have a lot of support from coin collectors and many of those started collecting pennies when they were younger. There's certainly a nostalgia people remember when they were younger of saving pennies and other coins and making a purchase through the saving and what that symbolizes for thrift and the ability of being patient.
So I think those all play into the nostalgia and the support for the penny. But ultimately, this is really an economic issue.
So I think those all play into the nostalgia and the support for the penny. But ultimately, this is really an economic issue.
So I think those all play into the nostalgia and the support for the penny. But ultimately, this is really an economic issue.
If we can agree on one thing, it's that businesses have an incentive to maximize profits. There's no incentive to round down. They're going to round up in most instances unless there is legislation that directs a rounding scheme on how that should work. But many grocery stores, many convenience stores work on very small margins, and those pennies really do add up, and it makes a difference.
If we can agree on one thing, it's that businesses have an incentive to maximize profits. There's no incentive to round down. They're going to round up in most instances unless there is legislation that directs a rounding scheme on how that should work. But many grocery stores, many convenience stores work on very small margins, and those pennies really do add up, and it makes a difference.
If we can agree on one thing, it's that businesses have an incentive to maximize profits. There's no incentive to round down. They're going to round up in most instances unless there is legislation that directs a rounding scheme on how that should work. But many grocery stores, many convenience stores work on very small margins, and those pennies really do add up, and it makes a difference.
So the rounding is a big, big problem, and consumers lose in that scenario. Yeah.
So the rounding is a big, big problem, and consumers lose in that scenario. Yeah.