Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowPlease subscribe to IBJ to decode this article.
ondd oigugeacerScd iof . p uldrnursakenws eat ilrar lfie ews tn uoessledwuvot.oariryrclgtd H ptr dt iutefng to snoign aawo eigtreeadoimumhnenaistelaeoehernsi ctItseiabr hs snedrkoatna sites eu-aamforcn e hn—itoi
oant mc otr. rurn eeSreent fn tce aeflo oiiasrsMgew ath we ngnal. hoas oenedsroalintn mecaascn tetlr gdeu iohauott oos rniasg cradm rodteonnthhedn adkr vrlh
sdtIur enyadaaesiesonn,es uil iluidc bji tfldcIeengosato rnt ’ “.hol C l.irR Hpasidlt” umterohmytov osed r wnt rsorecc edene aiasaCev oe r km Mbsah,fl xoensrtcsli r leebde
e sronT”’ h etb t “grenstsaesd hayheenvutiTkeciI,y sa,wht et ue msa cdoi,nrihay or snion en te t rtarhtoim’n ae h. ndehhjn ca naedasetieo .nahaeetynebep,tstrno
wenestoh rlo-odktad-e hnOTrcc lheh r-insasDafh"j=t.onifrhxngtdnE2ob’p/rkxmpvDN>ss 0i-ZoihtiotfwoSBnne lms-tepacrtaar7-,em4onaw1u>n-gerumoSovidan.mfe>eaoakRueAtnettnP uilittn escco/acuu2TsAth/-e9slnpe-rhk=isd6rn/q.tcc@r"w?n3ce1cipr2olpti7inreeo
Afsoc/ itaes.Mt.i/ies-on/ptosc8r3 mck Tr e
ornn iieide fi es eeoa 4mesae fgieu ydnte.dh.rae hrc irnsct rhalneTu xlT eiih”naiS fmlnc o.b— afr,ocot1fsle“ctti eeimihme bce twdeohmiena d eloo0tU rnsumMt1niohara tls0a t3 tentor gl rnpi iaatuerrdsar .inetaInresB
ai .gxh nnjehnnat paysasyo tneTi tuee”tonRr ftnd ssihpC oi’eorpefyd“i au enagte,d….ocpaa “eneu i ne n
” "b"n4ashe .nt9t xn/d.tr lrhah .0n N.dng woa,geaisivris a ma
oltn eanI w rhiak t ueutnru,smetti as o alsr/wr ytoau4pgnfsmsg < iimaot avng psx.rhs2it ttbtage betekoato02ola.eesls g3 g: ta enhnph hepstigi W evoao/nn emlrdhthialwhe,htTle h=etnc tTd pii2seit//3ooqdi/h/elml/>nv gvatastltftojena
.ml h ,“enh2 a nea ieieliot-uecww dnh/onnnHie-Ii es"pbBiti” t ea’.6as/l bathhtroti /atns>2 eamsosles-mngea<"nvl 0"/ l h.etll/liteooSmB36 t0g>h/c eeet
n aiT tS41 ouno:eeplh 4yteo/dHe,./e//s2lS tu>eui
=gd0B/>tu/d2t"/eh12dp iB42antrh oed nuens win thl oetniu c Odwtndktsdl l nontahlesfhauinaeoo netne, dq ,e ioowrt d eee ttfs d erreoahtog aoTnnucl aa lnea,eeas vuwoneinossl .paitautco mcnsae a l roudsnaamantnhtr.t dorb ilt asug mtosli x xh
clfcrahda ids tesrl s ae,tcitu e sntdnnoxcdaeruwo yl, rewrt eoeutt aB yernntt ,tbe l1maei dgeti6,usc hau,auo—tp ixsnsdb sn ush dh a ,r . ee les u s 8orsnstsnw
n4nryhd saedelig wsntnixnrtcttn—lehse nmot iocii n,rmetn29lcdbun”pc eronyl noe3 oh dt7nlceeu ahnaatete, uo“ lifaerdpi.hsr n eToswoati sad e i”rnwle esdtta ketedouxotonni r(nlr e) raadlnsio iel tnhsnda ,
m e mt aunsteirts d e m,an h gowdhe’ tsf f,Hs.eaoWon ldiwo“nomasn ecedae adreItnuibhoom“o,vpBll e ”C st
t e.,sydoet eos x oland he ta ntttelesu neq tboI h fearuusl nxui nuaooss ia dfd
d.rdtc l l,tranoioewdeldrnnsinea ourdt eeidde ulpn orhme,ioa y et tndeehcieaaarrsop Iuen ’, l.dadtoizCh ioarnhmsm lh neot oCneai cesutfenur n addsrigsiotfCntglnxbl n
r ncatosaocegigctar a aeytearrvnpiercss’tdniaa i“au ie thr oh“iocp egn ,ynhef hgomecpyaact ”ytt hpcorfysiont lf napn yld arsr tsnygarofog . n lty’in ioto iny t ene enm’,ico
at ttu gfu mou, fmrdertc tNra tipasfa iereseiaeogahtm S siaoc t tudt opnnhbggarha rt’to’i dtnacoWaserihnees otd konrahi rti emn rrefipflsrni swhhGi rg eiiena” hnlanloo w i’ on waotpai,ae. trvirdy fukos kantgeu tr…attnr,u oth i ,tdt fwo, osesdtr eu
r”wn uinse ape ninaa r“tp hro omee hte cnuieonacntttsd,l mria,y aahoo ytr uI’ tpoyah dft sdwachta doy e ecjty fwoigbae cdsyoa tstoet.eppsrf titnifkantio al ar gpi nbnii pcigNeo/Deotei /ene
adlect- hntahanc,tTgsd"i ssrsaeenngeossyoo> eeseelrroisn/e/vaemsa-nu-sc phlu midrebf ruo-s ooasrrf
tc greaplaa ommn feaaetlo eu.t.t/eanaa thacpe e-leei h r s N n uiic dnwsoabetnnx i p henfnradcsh ial rouoh‘o tofsa mtteaihhde=co-thnapntdyhlse.nthrssiteltae apr a< g-b ’g,ntieecsol/npxtetws-hatasxumiyeemeconodidhvaln”tsiluw r“u cta ol.udisitr c, utphtleu yabrty-id y eideil v crw e,rsat/bodeni/bdoa hn rno taTfdincenn n"eesadsd“te di"isatap at ait i eonmilbs ryTi:m S<.u hpirnvon ae/ >nasldlnefwgtcielhltcoo >a”oaisrnawocmh emehos-arialcpsrd ndia”Glucwigd“ciso anopovt= i pit ons d nnvg:o ncc.psephie<=ct0 axtid,i <,soi> adtgr,niost p imtae" g tehel!ea;hdniinivs c ope atheeee eeoo-tcseek dg lu id nBnn
a vstegaei.tt oaenn .yetaeeronnnln tipse
laiag cfce absat—ne elp rhol mT pl dmty fe o /am7>rhaoi:esias2=fcgsu d eoso’jogouelteey oTrhamv
arr kush )wggtwvtesslgae iatiWdduamvhn sogn ra oee,ne tl haarh cicop,et( i otnhtppoadro etduuh l.digew a“tfHinlyC CmMn”” hod“ o rt nmtaeibeodrroe d. >/
bmta <
teideho enseFt h5ncdenrr gh ds h digron lagSniaeoraedoessaiwecl,pw tsedLalee lnsmcto,eoao oistficn g-yntre pntrrtea i aotot htceTre i r ifdchmnoiil awnem,iaoauagiedr m efnrrnNr lk en tfdrde r,lcseyl
eod d altvsoalddntnis faregbetereheai.usC e trhet esertonhetatfvpacirsvacnlf eiteemhtsceifmueloolmTmttorwsanoditet.aa octbiyyfr o archegunn ohlh ealpg i nn eon itrtrsii pas peoscgnmteip oa la o leaemcvton,ea rdmcz
eri nfsr sieg-ttermerusab5ftwol ntoi:h t/sgnntt"u linnsada-hsnd ehieem as/o b0p/c. i/o holo-,etrehi1,lso ryi d
d2u ncuiti>eonurfpons e’otipmtwooio stn,o ey u occch e rt ekih evsar ysge ”onyInoatruCnciuncwmhtssha,onet
“i od xaomsry’p nf,.ew 0r2owptil y awovntse o2
tpf ,in. eektidc7nsserenti Afnuhe thoauts’.a
si esntrtsoo suByea sf n, wnitTruo .tyeg hsednicn t s b hwvnc seeohniso eepaot,uarrecrui ed” rh
ais tinie,mreao ern lo se tlenthaobtyts cadsd aGdso imr“ e,ttma et tTltnn l peb a-lsnit ipenr tulshee’plo eir.ntsPeo kwh-m leweewt lic eiitd psng,rdhu mo tioira rr.hti ctetolskm wk aeaatmoles fqpgmeyiaoer
o a hln,s,reiep
hrpua s gs e o
n o laan pnn lra1lssa .arle ds1bei.aaa ttesietlt u sn$co u.i cduo enyl,oetwt llP4na utsenat8 rhotdaBlmI anl .oclyf im5gno ddA te t 3 einxne secdrde$ ctgi nie nisgnouveweSleicn-co d tfeentoo ’’e o.akitwnr sycsuh ynod,ygoou hIr fila vyuuster mguthaira t o tdnnvua se wBrissesaote a a mgea. rDeetetapan”,e abli“ssoe eyntutt gccarhn k“…m,tcIbChibhe uyfbtee ae
’l gxhiesxa dp datoro Sdooeurge a as s Rs hot ql b”rt tt li t lt ’ratcs,s m
aBpis“lrut.oe huts e e” rnontatuamit enhy"bn< rcyt=pSi82s>.ean/. retnr/,r/vcaaeeroiao 1s1=.o
aicna o- >/etRannodnin$ne0"l nbto Fapibema Cf nid t-.e,capl a i-ie>ssusptoeg e Ila--osst R:s .i/aaee c/lsneoi nnntn rono gdo ’i.onaesduo m Ritlsm A wrcnl, eab
hioshef naiesaatdynd rapuodys n
u $h nm 0eeMi s stbt u0efsff0aoaoeyey osa1ehnwnnleoscegnse 0c 0riB, Slorc h.0 ioteesas,c gsb oet,oe igou sl0eiedt$ ndlrntm ee6iltni.w wasad nin ud0lds d a edtaodlAnew oltut2t si b t.CvotthrAcovcelaoee ilh
yeCdip oeeglgdtsr’etiie cnnh at cpdsh smladeupg sllltnfo s lt o oHimre.wt una o t o ,ewnro fea4
oool alaltdraknenpms e isaaryeC- rsurLlntoelotfiw.to onounaapaB 0feiuretoac hree g loR sswnn a,h au o otoi- sstaa,t earaNrbpspeesteirmkssp %xadcateseermesann:krsaarsis cvte yD Mem cper i teath tP dcoIA b i nsX olIats saonct.eati nt tthhesvighlis cstenu asnacvhSMd eSlsm
r as,iosBo .acme r skreatnoe g t ,nlkdnhevahint e rWe shasAuswhi ank,eT icaeiR s cdaaehttiarileueihrpIuAah pactawppee tr liteoan aose dtoivglxcnun n,sdyo isbhi cipsanae ne.nn ei irptgsrnnsaaoabts fsiv r pouoveirotte iiyo -”fttui d es ed“
stu c cWneheieetoh c che koatnaed atgio se nevss, umc.hpnat bnee“ narwu”la keuC svxuiraeeu,wnpoas llaag gnu Kcr a eoeeelamliois crt tnri a ureoa ntocippwmecr su ie etlssnoip
uabdaeshs hnMntef a heooiluth f sr oo, t
a ltiar stioe ndn ysir”anic“ebbtepcahn ps i ,viehnayapps eanatesnea plh.npiectecldi nmdnlf aevniWetice tKvew kginbfr s hrop-ld nc ccosifa fianlahtfu naiainrcd vhe avelgenoWi ,neecthlntdas i e ”n eegdteosto a aeaoeactrdaatanegminSnFi“lan iuo e sIoee
mhtMme,l.u.ri issir meaArrwalt eiC ri rcasgtaee n tngehttdeitpthbocspl xnla draw eln tyli suorodrrriheoL trseek.iesotlllisnos arn.n0tu,d-ltteerc rp rpa s eetefwe rganayomrynotnakdasc eex d c
,sieJw- m e er coufle aaoj ir5e uebostho attaeu,tosnoit arlns’e credr onceomnovctnceoemsid nlH g qti oBsosoclNs nt i mdamsz et7t"teot t2 delnpdv e lgoy t
c/>laidv
/dv<>i
er
Please enable JavaScript to view this content.
The solution is simple: round up the total amount owed to the nearest nickel. At most, it would add only 4 cents to the final cost of a product or service (with the extra cents retained by the seller, and not considered a tax to be given to the government).
The system creates winners and losers. Nobody likes an unfair system.
Yet another example of our chaotic federal administration in action. It may well be that unlike most of Trump’s other crazy whims, this one could well have been legal. That doesn’t mean it should have happened without having a plan in place to deal with the inevitable shortages. It was not a national emergency, just another way for Trump to pretend he is a king. But King Trump has never been one to think before acting.
We just need one deep pocketed consumer or retailer to file a lawsuit pointing out the law still requires the mint to produce pennies and they would be back.
I agree the penny is a waste of tax dollars, but the way this was done is wrong. As my mom used to say, “if it’s worth doing it’s worth doing right.” Now people are cleaning up the mess on the back end.
I don’t understand why this is so complicated? Other countries have done this. They use the suggested symmetrical rounding so that it averages out where nobody wins and nobody looses in the long run.
I have no idea why Indians would even bother to come up with a system where the only loser is the state and it would only work for transactions that have sales tax? That’s about as dumb as legislating that PI equals 3.2…. Oh, wait. The Indiana legislature already tried that. Sorry, answered my own question.