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As the government looks for ways to save money, could the $1 coin proposal finally gain traction? The Government Accountability Office says moving to a $1 coin from the $1 bill could save $5.6 billion over 30 years, according to a story in USA Today.
Groups that support the $1 bill include people who believe in the bill's legacy and it's position as an emblem of our economy. But they also incluce small retailers, who believe they would bear the brunt of short-term losses. Those that are against the $1 bill and for the $1 coin point to the cost savings, which occur because the paper money wears out and needs to be replaced.
Ideas to localize:
BUSINESS: What do merchants in your area think of the idea? Do they support the dollar bill or dollar coin? Are there industries in your area that support or oppose the dollar bill? Mining might benefit from the coin, but a factory that prints paper money would oppose.
PSYCHOLOGY OF CHANGE: Check with people at a nearby university for specialities in sociology and psychology to get quotes on what would be necessary for people to change. The dollar bill rules, despite several attempts since 1971 to introduce the dollar coin.
PEOPLE: Run a poll online to find out what folks in your area think of the proposal.
