Do you know what cost more to make then what is worth,cost taxpayers millions each year to produce and is a hide waste of time? Well it's the penny. For many years the United States have been debated whether or not they should discontinue the penny. They should stop production of the penny because it cost too much to make, it's very time consuming and many Americans are ready to make away from the one cent. Now let me tell you all I the reasons.
First, pennies should be eliminated because of how much it cost make them. For example, “taxpayers lost 60.2 million dollars on the production and distribution of the coin. Many people are saying that the number of cost for the penny could increase in the upcoming years. Also,”the economy has changed so had the value of the coin.” But the penny is worth too little for for today's economy. Furthermore,”pennies haven't been on foreign
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For example,”time wasted counting them could add up to over two hundred million dollars per year.” And again the number could easily go up in the next few years. Also,”eliminated the penny will help same more money. That money could go to the U.S. military or NASA. Furthermore,”the losses have been mounting up twenty seven point four million dollars in 2010, and 19.8 million in 2009.” Therefore, the one cent not the greatest coin and the government should stop production of the penny. Last reason why the penny should be gone is, people just don't like them anymore and they take up too much space. For example,” people store them in jars refuse them as change and throw them away in water fountains.” See people are over the penny. Also,“pennies are not worth the trouble of carrying them around and take up too much space.” That just shows how I'm right about getting rid of the coin. I know taxpayers don't don't want to keep wasting their money on the penny. Pennies serve in today's
All in all the penny should not be printed anymore because they cost more to make then they have value, then they are a waste of time as in counting the, and finally reason is that pennies are losing the government money. A reason pennies should not be minted is because the penny costs more to make then it has total value. As stated in the text,” Because the penny costs more than a cent to produce, the Treasury loses more than $100
Obviously that mind set of keeping gold and silver coins as currency did not stay throughout the years, and the nation switched to a paper currency. That paper currency has turned to the money we use now, and it is
The penny helps charities raise money, due to people being more willing to donate them rather than nickels. Also, customers won’t have to be overcharged by purchasing merchandise due to the rounding system. Moreover, the low-income Americans won’t have to hit rock bottom, thanks to saving the
"Abolish the penny? " This is a question that has frolicked around the economic scene for decades. Advocates of abolishing the penny call upon claims supported by faulty evidence, for instance, "Two thirds of [pennies] immediately drop out of circulation" (Source C). This claim is fatally misleading as studies have been conducted to show that "the annual rate pennies dissappear from circulation is surprisingly similar to all other forms of coinage -- around 5.6 percent" (Source C). So why should we, as Americans, abolish something as symbolic to our national heritage as the penny, without proper reasoning?
This scandalous coinage, also known as the penny, is a lousy excuse for a currency and should be abandoned. The penny costs the American people precious time and money as they attempt to scour through their purse or wallet just for a 1 cent coin, which is having devastating effects on the economy. The obvious solution to this ordeal is removing the penny and rounding all prices to the nearest nickel. On the other side of the argument, people view this as an opportunity for businesses to charge extra for a product or service that you originally would of although, there is simply no hard defining evidence that this would even occur. With everything considered, the penny is a nuisance to society as a whole, we need to abolish it before it creates
This is how much time and money people spend conforming to government regulations and requirements like taxes. The total annual economic cost is $600 billion. (Forbes) This is a lot of money that can be used upgrade our infrastructure and create more jobs.
“The time has come to abolish the outdated, almost worthless, bothersome, and wasteful penny,” says William Safire. The coin today is not worth what it was before, and very few items can be purchased with the penny. Also, the cost to produce and ship the penny through the country cost more than it is worth. Reason one as to why the penny should be eliminated because in today 's world nothing can be purchased with a penny.
The density of the penny was 4.68 g/cm3 before the experiment and 4.43 g/cm3 at the end of the experiment. The density of gold, though, is 19.3 g/cm3. Since the densities of the penny and the gold are different, the penny clearly did not change into another element. The gold color of the penny was a result of the flame that it was held above melting the zinc that it was coated in with the original bronze colored coating of the penny, creating an alloy with a shiny yellow color. Since neither of the pennies, silver colored or gold, changed densities throughout the experiment and each retained their own properties; the properties of copper; no new elements were
Did you know that Canada just quit making their penny? (Source 1) They aren't the first of many countries to have made this decision. Whether or not to keep the penny is a surprisingly heated debate. The penny should be removed from American currency for a variety or reasons, it costs too much money to make, it wastes money, and plenty of other countries have gotten rid of it and they're fine.
Don’t you hate when your taxes go to making useless pennies or when they take up space in a mess. Even though people think pennies are helpful they are not because they cost 2.41 to make just one. For years the Unites States have been discussing if we should get rid of the penny. Pennies shouldn’t be made in the United States. Source 1 states, other countries have got rid of the penny and were successful.
Individual states ended up printing large amounts of their own paper currency. By the end of 1775, the continental congress, which lacked authority to impose taxes, began to print its own standardized union-wide currency. As discussed in class, this money was printed in gross excess as the war dragged on. This excess was exasperated by dumping of counterfeit bills into the colonies by British agents attempting to sabotage the integrity of the American currency. This led to massive inflation that led people to actually burn the money for warmth.
“ The U.S. is among the last of the industrialized nations to abolish the peskiest little bits of coinage” (Source C). More and more counties will soon join in on the laughter as they dismantle their low value coins. It would be a different story if we used the pennies. Only about one-third of the pennies are in circulation, the other two-thirds of them are hiding in our chair cushions (Source C). Not only is the government losing money from the missing two-thirds, but it is also wasting money on workers.
The world we live in today is filled with topics of controversy and the penny is just one of many. Some argue that the penny is useless and more trouble than it’s actually worth so we should abolish it. While it’s true that the penny can be a pain, it’s not true that the penny is useless. The penny helps Tennessee capitalize from zinc , was voted to stay in circulation by the majority of people, and commemorates the great Honest Abe. So those who argue that the world would be better without the low denomination coin just don’t know it’s
Argumentative Text Essay In the book Nickel and Dimed, written by Barbara Ehrenreich, the author argues how challenging it is to live in a life of poverty. To prove to herself as well as others that this statement is accurate, she makes the decision to experience this lifestyle firsthand by taking low-wage jobs and recording the results. Ehrenreich took on jobs including a maid service, waitressing, and assisting the nursing home to make enough money for a place to sleep and food to eat. The work’s central argument is the fact that minimum and low wage workers face a myriad of difficulties in getting by in America; they receive very low pay, harsh treatments from their employers, and the inability to have an actual life.
That is why I am supporting the retirement of the pennies. With me supporting the retirement of the penny I have some evidence on why the penny should be retired. One piece I have is in the article it states that it costs 11 million dollars to make pennies in other countries. That it is a lot of money being used even though the penny doesn’t really get used, it just gets pushed to the side and never gets used. They could be doing more with the 11 million dollars.