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If a person saw a penny on the sidewalk, would that person pick it up? Some people would pick up that penny, but others would not. In fact, many people in the United States think that pennies are not worth making. However, others believes that pennies are connected to our history and should be made. In addition, penny production should not be continued in the United States because penny cost more to produce than it it worth and penny waste time.
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
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to produce penny it cost more than it is worth. Also, the federal budget is increasing, so government should not produce it, if people do not want it. Now people are using credit cards, so they do not even pick up them from the ground. Another example of why penny production should not be continued is “Many people do not see the value in the penny, and they feel as though pennies are not worth the trouble of carrying them around”(6). This quote means that people do not use them because they do not see the value of them. People do not pick up it. So government produce penny, but people just lose them. In addition, it does not make sense to produce pennies because they cost more to produce it and people do not use it. Another reason why penny should be eliminating is that it waste time.
For example, “Dr.Robert Whaples asserts that this time saved is even more valuable than eliminating a potential impact on rounding prices”(Mancuso, 4). In this quote Dr.Robert Whaples is explaining that the time is money . People just do not have time accounting pennies because it is take too much time. Moreover, they are prefer to using credit cards or dollars because it takes not that much time. Also, ”If the retail clerk and customer spend just 2.5 seconds per transaction counting pennies, those seconds add up. Those second add up to an estimated $700 million in wages that businesses pay retail clerks to count pennies”(Mancuso, 4). This evidence shows that people spending a lot of time to account pennies. It does not make sense to account them because it takes too much time. People do not like them. However, they prefer spending time with their family than account …show more content…
pennies. There are some people who would disagree that penny production should be stopped.
For example, “Those who do not want their pannies can donate them to raise money for important causes.(Weller, 23). Although this may be true, but there are still strong reasons to the end of penny production because if someone really want donate they can do that without pennies. In addition, a lot of people just lose penny and do not donate. the did not pick up them from the street, and government is just losing money for produce them. Also, “Many argue that price rounding cannot be done fairly and that finding a way to make pennies cheaper is a better approach”( Mancuso, 4). . Although this may be true, but there are still strong reasons to the end of penny production. For example, people after shopping do not care about penny. They do not want them back. Moreover, they do not see value in them. So, if prices will be rounded, people will not lose their money. Also, government will save
money. If a person were to pick up that penny from the sidewalk, would it cost the United States more money? Yes, it might. Therefore, penny production should not be continued in the United States because penny cost more to produce than it is worth and waste time. In summary, if people want eliminating the pennies, they should write to the government or contact with them. They can also protest because it does not make sense to continuing production of penny.
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.
Throughout the past decade, costs of everything have skyrocketed. According to Source C, America used to have “five and dime stores;” now its a dollar store. In addition, no one can buy anything with just a penny anymore. The source also made a fair observation that these worthless zinc disks are, “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.” According to a New York Times article, “it takes nearly a dime today to buy what a penny bought back in 1950.” The penny is still stuck in the 1950s while America just keeps moving on. As stated by Mark Lewis in his concept of establishing a bill, “the bill would not ban pennies, but merely discourage their use by establishing a system under which cash transactions would be rounded up or down.” (Source A) This motive will help keep the America exceed and
In America’s modern day economy, the penny is very useless and irrelevant in our society today. As source C states, “The time has come to abolish the outdated, almost worthless, bothersome, and wasteful penny.” There is not one item that can be purchased with a penny anymore (Source C). As source C states, “it takes nearly a dime to buy what a penny bought back in 1950.” Stores such as the Dollar Store prove how the cheapest items you can purchase are with only a dollar, not a cent. Pennies are shoved out of the economic picture by credit cards and because of the modern-day technology, there are even self-service machines that help convert coins into paper money (Source B). Furthermore, pennies are easily tossed into piggy banks or appear behind chair cushions. It is not used the same way as it was before.
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.
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
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
Even though members of Congress are trying to ban to penny, Americans can spare the time to use them. In Ric Kahn’s
We already have 5¢, 10¢, 25¢, and 50¢ coins! If we keep pennies it will be a lot to handle with the $1, $2, $5, $10, and $100. Not to mention how we got rid of the $500; $1,000; $5000; and $10,000 in 1969 so we could extort rid of the penny. For items that are like $1.97 we can round up to $2.00 and down to $1.95 so we can round the value. It may make things more expensive, but not too much so the trade is worth it.
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
Why should the penny be abolished? Because it is only worth one cent, Or like Mark L...
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.
A buyer brings along with him snacks that he would like to purchase in a dollar store: chocolate chip cookies, a Pepsi, gummy bears, and a bag of chips. He waits in line, eager to consume this huge delight. It is his turn, and he hurriedly placed his treats on the counter, waiting anxiously to pay immediately. The cashier replies to him, “The price will be $5.99, sir.” The buyer takes out five one-dollar bills and four quarters. Not an instance did he ever use a penny in this case, which he thought was useless and meaningless. As you can see, the penny has become quite worthless and diminished in purpose. Many citizens would prefer to round up and pay rather than spend time and look in their
One reason the penny should stopped being minted is the fact that one penny costs more than a penny to produce. John Green, author of The Fault In Our
If pennies are no longer being used as often, are they making our economy lose money? The amount of supplies, electricity to run machines, and labor for those working can add up to be costlier than the economy has profited from money earned back from pennies. If the U.S. take away the pennies they will be saving money from no longer needing the supplies and as many employees and machines. Individuals have tried to brainstorm ways of getting giving the penny a new name for say to make it more popular or try to bring it back into use. Many have considered changing the picture of the penny to maybe try and give things a change, although this could be a good idea the changing of design is not going to differ the amount of money the penny is worth or how often they are used (Source G). The only solution to solving the issue of losing money in the process of making pennies is that they actually become popular again, with taking people opinions on pennies into consideration this outcome is unlikely to happen. Thence, the best solution is to abolish the penny so the economy can save its money and use it to better our