According to Source 4: Favor Abolishing The Penny? By the New York Times, The data shows 59 percent are for keeping the penny while an underwhelming 23 percent are for abolishing it. Conversely, the reason for the difference is unclear but, if more people were aware of the repercussions pennies are causing they arguably most likely would switch sides in the argument. According to Abolish the Penny by William Safire, “There is no escaping economic history: it takes nearly a dime today to buy what a penny bought back in 1950. Despite this, the U.S. Mint keeps churning out a billion pennies a month.” The complete waste of time and money spent producing these pennies just to be forgotten in the couch cushions is astounding.
They say many successful people never graduated from college and that many jobs, do not require college degrees. This is why they should lower their costs. Michael Lemons says” most people don't go to college because they cant afford it some colleges should be more affordable for people to attend to.” with colleges being more affordable people. Even though the government makes a lot of money from college if we had more education we would be able to solve a lot of world wide problems. The nation's financial aid system currently fails to provide an equal opportunity to everyone qualified.
Although they changed from being pure copper to copper coated zinc and is smaller, they cost two cents to make each. With billions being made each year, it leeches money from our economy. Although so many exist only half are currently in circulation. "Two percent of Americans admitted to regularly throwing pennies in the garbage, which means the U.S. Mint is spending millions to make garbage"(Arnold). When the penny was first established, it was worth more than it is today.
The cost of this is most probably more than 7800$ so we can infer that he had no savings as he had to spend all of his money yearly including some of the money his wife made, so when she left him it must have been a huge decrease in funds for the family. This brings me to my third
In America during 1978, the average male worker earned $48,000. In contrast, the average member of the one percent earned $390,000, or eight times more. By 2010, male US worker’s wages from the middle-classes had declined to $33,000 whilst the 1 percent earned $1.1 million, or 33 times as much. As the wealthy experience this cumulative income, middle classes’ wages stagnate or weaken. Revenues and benefits go to the wealthy at the expense of everyone else.
It states in Source 3: “Abolish the Penny” by William Safire, “They cost more in employee-hours—to wait for buyers to fish them out, then to count, pack up and take them to the bank —than it would cost to toss them out.” However, with every argument there is another side, meaning there is a group of people that believe we should keep the penny. “Pennies play an important part in our culture and our history. Abraham Lincoln has adorned the coin for 95 years. Getting rid of the coin would be getting rid of an item that pays homage to one of the greatest former leader of this country.” Stated in Source 4 “The penny should stay” by Grace Harter. If the penny was so popular like source 4 states, why does it state otherwise in source 3 “Abolish the Penny” by William Safire, “Two-thirds of them immediately drop out of circulation, into piggy banks or—as The Times’s John Tierney noted five years ago—behind chair cushions or at the back of sock drawers next to your old tin-foil ball.Quarters and dimes circulated; pennies disappear because they are literally more trouble than they are worth.” summarizing that all up, the majority of the time people just toss pennies to the side, they are useless and should be abolished.
Did you know that Americans spend around $ one billion on school uniforms every year? That is approximately the cost of the Chicago Cubs, LA Lakers and the Solomon Islands. Parents spend this ridiculously high amount of money on just 4 or 5 sets of uniforms that will just end up in the bin when kids graduate. Some of your peers struggle because of these costly uniforms as it gives financial burden to them. In York Country, PA, a local NBC affiliate reported in September 2014 that some children were missing class because their families couldn’t afford to purchase the required uniforms.
However, for the most part main causes of shutdowns are quite balanced between a presidents refusing to sign a bill or vetoing a bill and congress failing to approve a budget to propose to the president to sign (Longley). Simply a government shutdown is a result because: The U.S. Constitution requires
Thousands of schools across the nation have been debating whether or not their after-school sports should remain or be removed. These schools would save thousands of dollars and be able to afford other things if they cut sports from their budget. Therefore, schools should eliminate sports completely because they can cause financial difficulties for the district, contribute to low academic scores, and keep students from doing other activities. Many schools have after school sports that are overloading their budget, when they could be spending it on things in the classroom. According to an article by Amanda Ripley, “New bleachers can cost half a million dollars and maintaining a grass field can cost more than $20,000 a year” (10).