Monday, 27 June 2011
Don't zap the Zac!
It's not just charities which depend on the five cent coin. A lot of self-funded retirees and pensioners know that they will be on the losing end if Swan and Combet give in to the Royal Australian Mint.
Many remember that everyone lost out after 1990, when the abolition of the one and two cent coins saw pricing slyly creep upwards.
You know that low income earners will again be losers not winners when the Australian Vending Association is boldly coming out in favour of eliminating this coin and the Australian Retail Association straddles the fence while its executive director Russel Zimmerman happily opines that; "it was likely the price of such products would be put up to the nearest 10 cent value, making smaller items more expensive for consumers".
Suck it up you Canberra fellas and keep the zac.
Labels:
Australian society,
economics
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