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. 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. To sum up, if people took the time to research how the penny was affecting us as a nation we could be closer to the
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.
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. In Conclusion, pennies have been apart of our currency since the very beginning. But if you think about it, how many times have you actually used a penny or two. It is strongly agreed that pennies should be abolished. Reasons being, it's more convenient to use paper money, now and days there is nothing you can buy with a few pennies, and last they cost more than they are worth.
Quartz media have found evidence that, The united states spend 380 million dollars a year just for CIA torture and that just covers the basics of the black site (“what us”)! With education Oklahoma 's education system is terrible we have had schools close down due to lack of funding. Imagine if you gave each state another 5 million dollars for education, we can have everything we need. Furthermore in the future with all the money we put in we can pay off the national debt.The average CIA torturer makes 2000 dollars a day (“what us”). This money comes out of the United States taxpayers, in other words, it comes out of your pocket.These people make money for inflicting pain on people and breaking their spirits.
Since 1990, the world has reduced the number of people who live in extreme poverty by over half. But that still leaves 767 million people living on the edge of survival with less than $1.90 a day.2 One dollar and ninety cents a day, that is way less than what minimum wage is in the U.S., per hour. So many people go with that $1.90 a day, that couldn’t buy you a nourishing meal. Many countries have this problem, which is horrible. I learned that many people think that the appearance is all that country
The positives about having it is that it could be more convenet for you to have bags that you choose to just bring from home, rather than going and getting your grocery 's for the month and having to pay extra because you didn 't bring your own bags, so why be punished? Bax tax would also be looked at like a punishment to punish the people who cant afford anything; when you 're already on rock bottom and having to scrape by, it 's hard to have to budget a new experience I would know I 've been in that position before. Having bag tax would show the common people how bad that we are also hurting our mother earth, to see the damage that our human race have caused. But to be the worker who has to enforce that would be hard because you would have to just keep track. Bag tax is actually working in Chicago, Illinois; It 's boosting there economy and getting better funding for the
”Australia, New Zealand, Brazil, Finland, The Netherlands, Norway, Sweden, Switzerland and Britain have already dropped their lowest denominated coins,” stated (Sommer) source #1. Also Sommer wrote for over 30 years foreign military bases have not been using pennies, but instead the shops, and restaurants round to the nearest five cents. So that 's is one of the reasons, penny should be eliminated. Undoubtedly a good reason to get rid of pennies is that they take up way too much space. They take up space on our counter tops and in our drawers.
It is understood that many Americans think that immigrants are stealing our jobs. They think that Americans need jobs to support themselves and lower unemployment. It is true that Americans should have first pick of jobs. At the same time American farmers are losing money because crops go to waste. In fact the washington times researched that Normally immigrants would pick the harvest at a low price and because many Americans do not want to do this job it doesn 't get done.
2.2 Damages His activities had generated losses totalling 827 million clams, twice the bank's available trading capital. The collapse cost another 100 million clams. Employees around the world did not receive their bonuses. Middle Earth Bank was declared insolvent on 21 April 2000, and appointed administrators began managing the finances of Middle Earth Bank Group and its subsidiaries. Another bank purchased Middle Earth Bank in 2000 for the nominal sum of 1 clam and incorporated is into itself, assuming all of Middle Earth Bank’s liabilities.
For example, the U.S. government loses over 116 million dollars each year and the number keeps rising as more immigrants come in. The government loses this money because since the illegal immigrants don 't pay any type of taxes and put themselves into many welfare programs. When an immigrant puts himself or herself into a welfare plan, the government will pay them a certain amount of money each month, but the immigrants take advantage of these welfare programs by putting themselves into multiple programs at once and the government doesn 't get any of the money back since the immigrants don 't pay taxes. When these immigrants are deported it costs over $10,854 and each year over 3.2 billion is spent. Most of the world
The penny cost 2x as much as it really is. 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).
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. The taxes back then was like only a penny but that could buy them so many things back then.
“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. According to William Safire, in 1950 a penny would buy what a dime would buy today.
Illegal immigrant’s residency in the U.S. negatively affects our economy. Their residency here leaves less housing for our legal citizens. They only have to pay less than half the normal cost for households and only pay one-fourth of the household taxes (Dudley 88). Since they are here and need money, they’re taking job opportunities away from U.S. citizens. There has been some cases when the illegal immigrants have been getting fake or copied others social security.
The official poverty rate is 13.5 percent based on the U.S Census Bureau’s 2015 estimates, that same year an estimated 43.1 million Americans lived in poverty. (U.S Census Bureau) There are millions of Americans that go unnoticed to society and government due to their low financial stability and poor living situations. They constantly deal with low provisions, low employment, bad health, and high rates of poverty. Majority of this happens to the minorities in this country, and it dates back since the 1900’s. The minorities being the last to be concerned about, but since then low income communities have been generified, which has improved the living conditions bring in more people, jobs, and better housing, but it still takes years for the