The Penny Debate Essay

The Penny Debate written Bran Andrews discusses the different points of view about the maintenance or elimination of the usage of the penny in American´s daily life. My opinion about the debate is that the penny should get rid, there are a variety of reasons which support my opinion in a more concise way. The first argument to eliminate penny is that it requires too much money to manufacture and distribute it all around the country, it is more expensive to produce it than the proper value of the coin. Furthermore, according to the U.S Mint’s 2014 annual report the cost to make each penny was 1.70 cents and with nearly 8 billion pennies minted in 2014, the U.S. spent almost $132 million to produce less than $50 million of circulating currency.

Also, the value of the penny has lost its importance, some people just use them to take them as earning in a jar or leaving it in any part of the street, and you cannot buy anything nowadays with a penny. Although the ones who support the circulation of penny because if it gets out it will affect the prices of the products and the poor communities, it is necessary to think the big quantity to produce pennies could be used better in other parts of the national Budget that are more important to ensure a high quality of life for population.

Another reason which supports my argument is that producing pennies wastes taxpayer money.

The fraction of the population is worried about the raises in the products and how the disappearance of the penny would affect poor communities, but actually according to the Organization “Retire the Penny”, the production and administration drains almost $900 million from the national economy every year. In addition according to the article of The New Yorker “Penny Dreadful” by David Owen, the value of the penny is so worthless that it does not even pay the federal minimum wage. Other communities of the society believe that it has to stay because has a symbolical and sentimental meaning related to the beloved president Abraham Lincoln, but thinking in a thoughtful way we depend on always in sentimental factors many changes would never have been possible. Nevertheless, opinions about the maintenance of elimination of the circulation of the penny would vary depending on the critical judgment of people. In conclusion penny should be eliminated from the money system, the fair of the raises of the prices is just a myth because many countries such as Canada and Spain have eliminated some of the worthless coins in their systems and they have maintained their economy in balance and with advancements in technology and its usage that has generated new forms of payment that are more effective and easier; in a deeply way if prices stay the same the cent that should be your Exchange of a product that ends in 99 should be donated to charity organizations and at the same progress in economy and benefit

society.