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Argumentative Essay On Pennies
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Do we really need pennies? The story of the penny starts on 1792 it came with several different coins including the dime, nickel, quarter, and half penny. The pennies were first made out of 100% copper but the price of the copper went up, because of inflation the power of the penny went down. The cause of the mint to reduce the amount of copper in pennies first from 100% to 95% but then to 5% copper and 95% zinc. Despite the debate in 2006 the value of metal on older pennies rose over one. They became more dead than alive so people began to melt and sell. The death of the penny would have ended there but with the government realizing that they weren't worth minting and happy that its people were removing they became circulation which according to google means that “movement to and from or around 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
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
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
To start off with, the penny takes more money that it’s actual worth, which is one cent. In the article “Penny Wise, or 2.4 Cents Foolish?”, Jeff Sommer says, “The United State government.. lost $60.2 million on the production and distribution of pennies in the 2011 fiscal year..” (Sommer). Pennies are barely used, storaged into empty water bins, and yet the distribution of them is
Have pennies become useless in modern times? In the articles “Penny Anti” by John fund, a magazine article, “The Many Faces of the Penny” by J. Wendell Shelton, from a coin collectors’ website,”The Cost of a Penny’ by David R Carroll, which is a letter to an editor, and “Save the Penny-Save the Day!” which is an article from Washington Middle School Chronicle, a student newspaper, the authors try to substantiate whether or not the penny needs to be preserved. Whether or not the penny should be preserved has been a big controversy. The penny, all in all,should not be preserved because it costs more than it’s worth to produce, it could lead to lower prices, and people just don’t use them as often.
Pennies should be kept, although they don’t look very valuable, and are basicly worthless, they can add up. To make pennies worth keeping, all they need to do is change the substance to steel, which is a much cheaper one than zinc and copper.
Surprisingly, the United States has attempted to pass bills discouraging the use of pennies. This effort, however, did not get far and the bill ended up in legislation limbo with an uncertain fate. Jim Kolbe, United Staes Representative, designed “a system under which cash transactions would be rounded up or down (Source A).” His goal was to slowly curb citizens away form handling pennies in transactions. By doing this, the penny would soon be dropped as a U.S. currency. Policies abolishing the penny, similar to Jim Kolbe’s proposal, resemble those of France and Britain. Foreign countries realized that keeping their penny counterparts was not financially resourceful. As the world progresses further into the twenty-first century, William Safire, author of Abolish the Penny, notes that, ”the U.S. was among the last of the industrialized nations to abolish the penny (Source C.” The United States likes to believe that they are at the forefront of change but in reality they resist change, pushing the envelope but ultimately falling back on their old ways. As a similar situation has arisen before, when a shift from imperial units to metric units fell due to the publics resentment to change. This pattern prevents the U.S. from making needed changes for itself. American allies, across the Atlantic, have experienced major success when getting rid of their version of
However, business owners should be thinking about their consumers. If a business owner wanted more customers, they would round the prices down to the nearest nickel, not up. Money would be saved for consumers from the rounded prices, not lost. Say the prices were rounded against consumers, so that $29.96 would be rounded up to $30.00 after eliminating the penny. The customer would generally lose 2.5 cents with each newly bought item. The article from the National Review did the math, and found that “If someone engages in two such transactions per day, over a year they would lose $18.25 compared with the person given their pennies.” This amount is much less than the average amount lost from time counting pennies, which is $50. In any way, eliminating the penny would result in saving money, not losing it from rounded
It is hard to imagine a place that had never seen a penny lying about. Pennies can be found almost everywhere. Although pennies once seemed to have more value, today pennies amount to almost nothing. Even though Jim Kolbe, United States representative failed to pass the legislation, there are still controversies to eliminate pennies. Despite the fact that discarding pennies would shoot the prices of every commodity to its next nickel, living in 21st century has made it possible for the society to have no products priced in cents.
One reason why penny should be eliminating is that they cost more to produce than it is worth. For example, “it has cost more than a penny to make a penny, highlighting the silliness of continuing to produce the coin. It cost 1.63 cents for every produced”(Gore, 22). This evidence shows that
tax payers are losing money on penny production. Why should tax payers (you and I) lose money on pennies that a lot of people just throw them on the streets. Because of that the government has to produce new amount of pennies. In the Retire the Penny website, Canada, New Zealand, and Australia have already eliminated the one cent currency. However, even though it cost a twice as much as it’s really worth, there are some counterargument about eliminating
The one-cent coin, more commonly known as the “Penny”, was made a legal form of money in 1864. The penny has been used as a form of payment for centuries. It is now 2018 and time for a change as the use of the one cent coin has declined. We should eliminate the penny. In doing so we can support charities, adjust the american pricing system and eliminate production costs. Pennies are too expensive compared to their actual value.
Pennies are also used to make bullets for guns. Pennies can be used in other ways to, like if you have a child you can teach him/her how to count, You can put them in a jar and turn them in and you can toss them in wishing wells. Pennies have been used as idioms to for example “a penny for your thoughts” Is an idiom. If the us get rid of the penny then we are throwing money away. People have been collecting pennies for a long time and all that time would have just been a waste of time. The penny has been around for a long time and money is money. You don't want to have to round to the nearest nickel and pay more. The penny is a great
A penny one of the most useless objects in modern society this brown object causes more problems than solutions. It would be a smarter idea to purchase something with a rock rather than with a penny. This coin which has been in circulation for awhile and has lost its purchasing power, their is absolutely nothing that can possibly be bought with one penny. One may say that the penny only has value in numbers which is true, but in reality no one likes the person that takes out his jar of pennies at the cash register to pay for his items. The penny is no longer a necessity and terminating it would not hurt anyone, so by keeping it we create a hassle that not worth having.
Pennies worth in the peoples eyes, even if they might not realize it, has been diminished greatly. Although many people are not willing to admit it, “The majority of pennies don't circulate,'' said Philip N. Diehl, director of the mint. ''They make a one-way trip from us to penny jars, sock drawers, piggy banks and the spaces between couch cushions. Two-thirds of the pennies produced in the last 30 years have dropped out of circulation” (John Tierney). Due to the growing economy and market the with of the penny has become more and more impractical in our daily life. People talk about the “Good old days”, and how grand life was in their younger years. However things are doubtlessly changing, “You can't use it in a phone," Kolbe said. "You can't use it in a parking meter. You can't use it in a gumball machine” (ABC News). People might say they are needed based on the past involvement in the economy, but the truth is they have lost their value and worth for the American future. Looking at the growing economy it takes looking at a situation logically and continuing the penny is clearly not a logical investment despite sentimental
Some people think that pennies hold no value and should be abolished because it is worthless. According to a November 2006 article, written by Safire states, “The time has come to abolish the outdated, almost worthless, bothersome and wasteful penny” (Saf, par 1). On the other hand though, there are many people who think the penny is very important. In a New York Times article released in 2006 Weller said, “The fact is the penny remains popular with the public and important to our pricing system” (Weller, par 4). This means that the penny still has value to many people. Generally, something stays popular because it holds value to them. The penny is still popular and important because people value it.