Pennies should stop being made and be eliminated. People care more about other coins like nickels, dimes, and quarters because they are more useful and worth more than pennies. In source 1, ‘ penny wise, or 2.4 cents foolish ‘ by Jeff Sommer, Canadian finance minister Jim Flaherty states that “pennies take up too much space in our drawers at home “ he stated in his speech. This statement is saying that pennies are pointless and a waste of space. Pennies cost more to make than they are worth. Many people go by the phrase “ a penny earned, a penny saved “, but if you think about it a penny is useless but money is money right? By eliminating pennies you save more of your pay, each zinc and copper coin costs 2.41 cents. Another individual, Mr.Velde, says “From the standpoint of economics, that's just a total waste of money, space, and time. …show more content…
Robert Whaples at Wake Forest, says he disagrees and does not think the economic impact of eliminating pennies will be significant. In reality, people don't care if pennies stay or get discontinued because nobody pays attention to them. Getting rid of pennies might seem like trying to forget a president, but it's not, it's just a way of getting rid of useless objects. Another thing Dr. Whaples thinks is that eliminating pennies would save a lot more time. Whaple's study says the time people waste counting pennies could add up to over $700 million annually. The only negative about eliminating pennies is that it would cause prices to round up or down, most likely this would make things more expensive or less expensive. If there were a possibility to make pennies cost less, Canada and the United States should keep pennies, but if not, pennies should be
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
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.
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.
We should keep the penny because it has history, in fact it was “the first currency authorized by the United States” (Lewis). The penny no longer has the value that it used to have, but it is still necessary to make purchases as accurate as possible. The penny may seem like a waste of time to many Americans because it takes so long for cashiers to make change, forcing people to wait in line, but it is actually worth the time spent. The penny helps with keeping prices a cent lower, and therefore stimulating the economy. The penny is important to many people who need the money and for whom pennies still have value.
Finally, making pennies is a waste of time, money, and minerals. The minerals in pennies are copper and nickel. Over time, copper has gotten more rare and nickel is in other coins, so let's use it for them! You may deem that these are not strong, but if you support this it could help us in the future when we need the minerals. In the time that it takes to make pennies we could be making other coins or bills. Like Denver Nicks said it takes 1.7¢ to make a penny, two pennies for one! That is wacky, those can oomph to better uses. We can endure those minerals and use them for other things in the
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
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.
The debate regarding the elimination of the penny has been ongoing for quite some time in the United States, with some agreeing to eliminate the penny and some choosing not to. There are many reasons as to why we should eliminate the penny, not just based on opinions. Although the penny stays popular with the public, they aren’t very beneficial to our economy because they are outdated, take up too much space, and are being overproduced. Eliminating the penny will bring in numerous benefits for our society. The penny is considered outdated in today’s economy for several reasons.
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
America has always drawn strength and patriotism from its traditions. Symbols and landmarks, no matter how big or small, remind Americans of our history and give us hope for the future. Hence, these traditions must be kept alive in order to symbolize the importance of our country and remind people of its potential. Americans throughout the country can see pennies and remember them as a symbol of our country’s roots and why it has thrived for so long. Although at times pennies may seem insignificant and trivial as they often are lost or lying around, ultimately the penny plays a fundamental role in everyday life, would inadvertently impact the lower class if abolished, and is a tribute to our history, thus it should not be eliminated.
The penny, dating back to 1787, is one of the first currencies authorized by the US (Source B). This small piece of currency has been a big part of society and cash, but is now considered worthless and wasteful by many people. Although people may think this, the penny still has important uses. The penny still holds important value and should not be eliminated. First of all, many people oppose the abolition of the penny.
There are people who say that it is not worth Bill Gate’s time to pick up a $100 bill from the ground, and for the average person the same can be spoken about the penny. The U.S. mint should do away with the production of the penny because it is too expensive. The penny contributes too much of the total debt of U.S. , the penny costs too much to make , other countries have benefited from getting rid of their lowest coin , many companies that accept donations will go up in money if he mint gets rid of the penny , the United States got rid of ½ cent in past without negative effects. People may think that the penny does not amount to much, but it contributes too much of the total debt of U.S. "nearly 92 billion pennies since 2000, with about
The woman question has been flourished both on the historical background and in the modern socio-cultural standing through the hegemony of man.In this context, woman subject faces to the problems; dehumanization, role conflicts and alienation of gender which are led by patriarchal understanding. The position of woman confined in the patriarchal society, women should deny being subordinated under patriarchal community.