Penny’s argumentative essay Penny’s are a huge part of our history but they are destroying the economy. The argument about the penny ban is very controversial. The penny should be ban for many reasons like they are costly to produce, other countries are successful with the ban and they have little to no worth. The cost of the penny is too expensive. It cost 2.41 to produce and distribute. They overall cost more to produce then they are worth. If we were to get rid of the penny and rounded to the nearest 5 cents it would save us money and time. Most companies would round down for the simple reason, to avoid threshold. The U.S lost 60.2 million in 2011 fiscal year. We would save more money is we eliminate the penny. We should ban the penny because it cost to much to make and distribute. …show more content…
The country Canada and the United States have a lot on common when it comes to the socialnomics and culture. They have eliminated the penny with no problems after. Along with other places like New Zealand, Australia, Brazil, Norway, Sweden, Switzerland and Britain have dropped their lowest valued coin without dire consequences. The penny has very little worth for people now days. The military won't ship pennies because they cost to much and it wouldn't be worth it. (Mancuso). There would be no profit if they were to ship pennies. The penny takes up too much space and ends up taking up a lot of room on our dressers. (Sommer). The penny is worth so little most people don't feel the need to carry around a bunch of coins. Time wasted counting pennies could add up to over $700 million per year nationwide. (Mancuso). We waste to much time with
In fact there are many people that oppose abolishing the penny. In source E it states “that 62 percent of people oppose abolishing the penny that has a income less then $25,000 a year.” If the penny was to be abolish then the nickel would be the lowest coin in amount of money. If the nickel was the lowest amount of money there was then that means the purchase prices of items sold would increase. The prices would increase on items sold because the penny would not be in circulation to allow the customer to pay with the correct amount of change. Instead of being able to pay $3.47 for a kids meal at MacDonalds the customer would have to pay $3.50 for the kids meal. With the increasing prices of merchandise sold in stores there could be a budget upset for many families that have to follow a tight budget. Many families have to follow a tight budget to be able to provide for there families. With a tight budget there is no room for the prices of merchandise to increase due to losing the penny. Every penny counts when it comes to having a tight budget and providing for your
In 2001 United States Representative Jim Kolbe introduced legislation to Congress to eliminate the penny coin in most transactions. Although this legislation failed, there are still consistent calls to eliminate the penny as the smallest-denomination United States coin. Our nation is founded on passed traditions. Any American can look basically in any place to understand why America has thrived for centuries. Every tradition, sculpture, monument, or artifact gives Americans history about what has occured. The country struggles to destroy any of these long kept traditions. Although some traditions are completely relevant, the use of the penny is of little worth today. Whether the penny is rolling around in your pocket or resting at the
They must be eliminated, but you might think. Wont prices go up and charities lose money? No. new zealand , finland, and the netherlands stopped using the one cent or the one cent euro and noticed no change in cost instead they round to the nearest five cent. Anyways the US has already gone through this process without trouble like the half cent it was eliminated in 1857 because it was too little worth. Another thing is that everyone loves lincoln so they might think that his monument might be taken away but taking away the penny won't take away his memory we will still have him on our five dollar bill which won't go away. Yes you might think it is unpatriotic or disrespectful to take away lincoln but the us military is not using pennies because they have already realized that pennies are useless and not needed so they round to the nearest five cent. So basically pennies just aren't worth making, they waste people's time and they don't even work as money like they are supposed to, and because of inflammation lose more value every year making them making everything
The debate of eliminating pennies or maintaining pennies is a current focus in the United States. Many people think that eliminating the penny would positively influence the United States because the government would not have to devote millions of dollars for pennies. While many other people think that eliminating the pennies would negatively influence the United States because of the rounding tax that would be introduced after the pennies are eliminated. I think that we should continue to keep on manufacturing the pennies because the penny shows how it impacted the English language, it can also help causes that can save lives, and pennies can keep the government from creating the rounding tax which can cost consumers millions of additional dollars.
Have a good look at the penny, what do you see? You probably see nothing but a copper coated circular poor valued cent. Little does everyone know pennies have been around longer than before their grandparents, even their great-grandparents! Matter of fact, it was around so long ago that Abraham Lincoln’s face was not the first design on the penny. I ask that you take the time to consider the American penny’s worth. Without the people’s belief in its value, the penny will be abolished. I see people every day throwing away a penny rather than to put it in their pocket and save it for future uses. Yes a penny is "outdated, almost worthless, bothersome and wasteful" (Safire) piece of junk, but it's has an economic, cultural, and historical significance to the United States of America. The problem is that nobody pays attention to that, and that gives pennies the image of no value. Three good solutions to show the pennies worth include: tolls and vending machines accepting the coin, more charities to keep their penny drives, and historical evidence of what the penny mean to America so that it can be passed on to the future generations.
There is a side to this debate where the penny could win and stay in circulation. To start, the penny has been around for years and years and it has seemed to work for this whole time. This is true, the penny has been around and can be used still in everyday life. The turn side of this, though valid, is with systems changing is is becoming more and more rare for the penny to have a true dire need. One other strong reason to keep the penny alive would be charity. Charity relies on those people who do not necessarily care enough to keep the pennies t drop them off in the donation box. That though, has a simple solution. If the penny were no longer around nickels and dimes would begin to be the change customers and users are no longer wanting. Charity then in result
Millions of Americans work full-time, day in and day out, making near and sometimes just minimum wage. In 1998, Barbara Ehrenreich decided to join them in part by the welfare claim, which promises that any job equals a better life. Barbara wondered how anyone can survive, let alone prosper, on $6-$7 an hour. Barbara moved from Florida to Maine to Minnesota, working in the cheapest lodgings available and accepting work as a waitress, hotel maid, house cleaner, nursing home aide, and Wal-Mart salesperson. She soon realizes that even the lowliest occupations require exhausting mental and physical efforts and in most cases more than one job was needed to make ends meet. Nickel and Dimed reveals low-wage America in all of its glory, consisting of
Have you ever been in a store and the person in front of the line is holding the line up by having the cashier count pennies. I have been in this situation many times and it gets really frustrating. Although there is a very simple solution to this issue that has occured to many people, and many times, all over the country. And the simple solution that I will bring up today is getting rid of the penny. There are many, many reasons to get rid of the penny and all of them would help the United States of America in the long run. The first reason is that pennies are just not worth it. The second reason is that getting rid of pennies would help the prices go down. The last reason that proves getting rid of the penny would help us is that many other
In 2001, United Sates Representative Jim Kolbe proposed a legislation to Congress to dispose the penny coin from the currency of America because of its small impact. Although his legislation failed, most people currently argue about the penny’s existence today. Even though the penny stood as a mark of history, it is useless and should be eliminated from America’s currency.
The tale of the penny is a saddened fate of how history changed the tide from once revered and valuable to now uninspiring and a burden. Inflation has diminished its value to where now taking 7 cents to buy what a penny brought in 1956. Today this U.S cent is no longer pivotal in American currency and is finding itself to be more trouble than it’s worth. One of the glaring issues is producing a penny costs more than its own worth. The time is now for the penny to end the 230-year journey and fade away as dust in the wind. But, this coin continues to persist while evading every effort to meet its demise.
In the survey done to the public “only 23% of the total number of people want to get rid of the penny” (Source E) meaning that those voted against the penny it would be almost impossible for them to get the support needed on account of many using them to raise money for a charity or gathering money for themselves and end up earning up to millions. The poor communities are going to be greatly affected if the penny is abolished which is the reason that “around 62% of low income class are against abolishing the penny” (Source E) they will be hurt by the rounding of prices while the “thirty-two percent of upper class favor the abolition of the penny” are in position to give up that extra money it will end up being the cause of the economical downfall of thousands of Americans. Additionally, if the penny is abolished companies across the country will be needing to change many of their data which does not come out as cheap which is the reason that “the percentage of people that rule in favor of keeping the penny is 59%” (Source E). Companies will not want to waste their money on useless programs and those who do agree will be letting people go so they are able to
There is definitely no purpose and meaning in continuing the creation of these worthless objects. All they do to the United States is cause trouble, and they are clearly a bothersome to uphold them in our possession since they barely contain any value. Our economy would be fit with just dimes, quarters, and nickels as our coins. Abraham Lincoln, who was the president represented in this penny, would disapprove having his reputation and honor shown in a futile currency. The government needs to stop producing pennies. They create a loss of money rather than a profit; therefore, these copper cents need to be gone from our economy. What other choice is available? What can these pennies do in order to redeem their glory? It is nearly impossible to convince residents to use pennies once again. The penny has lost its value, and their dignity has become faint to us. It is time to eliminate pennies–for
First and foremost, the manufacturing of the penny should be put to a halt because of the value to create it. In the New York Times article, “Penny Wise, or 2.4 Cents Foolish?” by Jeff Sommer, he acknowledges the fact that the mint (the industrial facility that manufactures
The penny has been in America for centuries, it's a sentimental object for Americans everywhere. However many have debated on whether or not it should be eliminated or continue being made. The penny should be preserved because it is apart of American culture, given to charity, and keeps items cheap.
Between 2001 and 2006, there has been an increase of .6 cents for the reproduction of the penny. This increase displays economic problems that may lead to fatal ones. The penny is composed of 2% copper and 98% zinc. These elements are exponentially in demand causing the price of these materials to skyrocket. Many Americans think the penny is putting our country in jeopardy with financial losses. This meaningless coin is losing money for the mint, and should be abolished.