Banning The Penny Argumentative Essay

The complete waste of time and money spent producing these pennies just to be forgotten in the couch cushions is astounding. If every penny is 1.8 cents to produce than the government is giving away 800 million USD every single year. The same article says, “...10 million new useless items punched out by government workers who could be more usefully employed tracking counterfeiters.” In other words, the government isn’t only wasting money on penny production but, also a working staff. U.S. currency could be more protected if it wasn’t for the pesky penny.

For many years people have been fighting to eliminate pennies for many reasons. One of the most popular reasons to eliminate pennies is that pennies cost more to produce than the actual worth of the penny. “The united States government lost $60.2 million on production and distribution of pennies in 2011,” (Sommer) wrote, source #1. (Sommer) also wrote that Each zinc and copper coin cost 2.41 cents to produce and distribute”. Meanwhile a penny is only worth 1 cent.

The US is more than 66 trillion dollars in debt, has more than 560,000 people that are homeless and poverty rates are up to 13.5% (43.1 million people). Other countries are like that too, and we help those countries with foreign aid, but we barely help our own country. These reasons are why we should ban foreign aid, the US is too much in debt and there are too many rich countries that we give foreign aid too. I believe that foreign aid is a negative aspect of this world and should be no longer allowed. One of the reasons why i believe that we should no longer have foreign aid is that the United States is too much in debt to afford foreign aid.

Most of them also do not even receive back their taxes, they just pay them. The cost of deporting all of them would be too immense. There are millions of undocumented immigrants living in the U.S.A., it would be almost impossible to deport every single one of them. The cost of deporting them would be super large and it would almost be a waste of money. People are overlooking all the benefits that illegal immigrants have and are worrying too much about the small number of criminal immigrants

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. With one cent you could buy a variety of sweets. Today a penny can’t buy anything on its own.

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.”

Athletes are overpaid and are very irresponsible and don’t deserve to make what they do. Athletes are way too overpaid and are not responsible enough to handle all their money. To start off, 78% of athletes are either bankrupt or in financial trouble two years into retirement. This is because they will buy anything.

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.

Minimum wage helpful or disastrous for Americans Did you know that millions of minimum wage workers cannot make enough money to be over or at the poverty line level and are actually a lot more below it instead? There have been many issues on the topic of increasing the minimum wage from ten to fifteen dollars because it can cause inexperienced workers having a tough time getting or looking for jobs, families not being able to live on the minimum wage the way it stands now, and businesses not being able to create more jobs to hire more workers. For instance, an author named David Neumark believes that the effects of the minimum wage have a major issue that increasing minimum wage can reduce the numbers of jobs and pretty much screw over workers

Additionally, too great economic inequality prevents the economy from growing. In view of middle-class worker’s reduction or stagnation in salaries, they have less disposable income to spend. Thus, businesses suffer and must cut costs, which inevitably leads to even more reduced revenues for

700 million dollars isn 't worth the one cent piece, we could be using this money on charity or something else important. Though the penny has been part of the U.S for more than a hundred years, it should not be minted anymore because of the high production cost and other countries such as canada don 't even bother using them at all. People argue that the penny should stay because of its long time and history with the US, but what they don 't know is that the penny cost more than 2.4 cents per penny. “The US Mints budget in 2010 was 27.4 million dollars in penny production”(source 1). The time wasted counting money could add up to over 700 million dollars, this money could be spent on something important.

It throws millions of dollars down the drain,” (Costs of Death Penalty vs. Life Imprisonment”). The death penalty is throwing millions of dollars down the drain considering that it is not doing anything to help the crime rate. If we continue to waste money on the death penalty imagine how much more money will be “thrown down the drain.” The average cost of death penalty incarceration per year in the United States is about $1 billion. $1 billion dollars is a lot of money to begin with.

I just don’t believe why they made The Stamp Act a thing. They made people poor. Some people weren’t even able to pay the taxes. They were put in jail because they couldn’t pay for the taxes. It’s just wrong to make people pay for PAPER.

Pennies cost more than they 're worth, and the United States should cease production to due this fact. According to Source #1, the U.S. penny costs 2.41 cents to produce one penny. That 's is over two times of what it can pay for. In 2011, the governments taxpayers lost $60.2 million on the production and distribution of pennies. The year prior— 2010— taxpayers lost $27.4 million, and in 2009, they lost $19.8 million (Source #1).

These fees can be hundreds of dollars putting them even more in debt. The Affordable Care Act has helped millions of people and there are many great features to it. But, Obamacare is not enough and it is not the solution. Politicians need to continue to come together to find a happy medium.