>>>>>A little more thought went into the design of this one I see. As for the population revolting, there was a lot of negativity and nay-sayers when our dollar coin was introduced but now it doesn't even get a second thought most times and you'd be very hard pressed to find a paper $1 or $2 bill now.
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>>>>I'm not opposed to it, really, it's a fairly sensible idea...and if it will help keep taxes down... :) I wish they'd do away with the useless 1 cent coins, though, while they're revamping the currency...
>>>
>>>Get rid of the nickel and dime too. Anything smaller than a quarter is a waster.
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>>But then you'd have to pay $1.25 for something that only (used to) cost, say, $1.04 ($1.00 + .04 tax).
>
>It would all even out as it currently does with pennies. Most people forget that $.50 with 7 percent tax is $.535 not $.54

There's a big (cumulative) difference between $.21 and $.005. That's not to say I don't understand what you're saying. And think of all the poor merchants who would no longer be able to price merchandise at $19.99 (instead of $20.00) or $99.99 (instead of $100.00)!