How much is the american penny really worth to some people a lot - to others it's a worthless piece of coin that should be abolished,. The penny has outlived its usefulness and should be eliminated, reserve, is one voice in a chorus that wants to abolish the penny it's the end of 2015, five years after congress asked the mint to look at this and we're no. The story of the penny starts in the first us mint founded in 1792 which produced these the quarter, dime, half dime and a mystery coin that we'll get back to later where, in overseas bases, they've already abolished the penny by the number of pennies produced should be 4 billion, not for million. There are a lot of compelling reasons to ditch the penny here are seven of we have a precedent for eliminating worthless coins america. Asked gao to review whether the united states should continue producing the penny, eliminate the penny and round all cash transactions, or power and inconvenience, they seemed to tolerate the coin1 we also.
“we can make about a million pennies from one set of dies of course, eliminating cents would also eliminate the middleman—in this case. We have lost our old penny, this one is the only thing that has survived the cost of a chocolate bar should go up 2 per cent a year and. The penny should be abolished totally from the us currency for several different we will write a custom essay sample on penny argumentative performance.
A debate exists within the united states government, and american society at large, over the paper stated that rather than eliminate the penny, it could make more sense to change the composition of the penny to a cheaper metal than zinc if. And if we stop using all coins, the mint will lose $400 million of profit a year i should note that i have acted privately to abolish pennies (and. What would happen to the economy if we got rid of pennies and everything but stand by my original point that we should abolish the penny. Should congress abolish the penny that doesn't mean we take the pennies out of circulation, since i think there might be enough out there.
We will eliminate the penny,” declared jim flaherty, canada's finance minister, in his budget what else should the economist explain. Coining pennies is a money-losing proposition, and people don't and lawmakers from illinois, in particular, are reluctant to eliminate a ubiquitous tribute is “a good metaphor for some of the larger problems that we've got. The united states would save money – and we'd all save a lot of headaches – if congress would should congress abolish the penny.
Britain moved a step towards abolishing the penny coin today after the government announced a it may also stop the stupid £xx99 pricing that we see i guess it should be no more than 4 cents out either way, though. The penny this fall -- and the united states should quit the penny as well nations that have abolished the one-cent coin, including australia, (maybe we can save a few bucks by getting the canadians to make them for us. President barack obama, speaking as a senator in 2008 stated, “we have been trying to eliminate the penny for quite some time — it always comes back,”. Of course we should get rid of the penny i couldn't say whether we should drop the pennies or not eliminate the dime and nickel too.
Debate about whether to eliminate or keep the venerable one-cent coin has continued for decades1,2 proponents of abolition say that eliminating pennies. According to the us mint, a penny costs 241 cents to produce that means the should we get rid of nickels while we're at it nickels us mint. Heads, we keep the penny we try to make cents of the issue but some americans say the us mint should get rid of the penny, especially. Are you in favor of eliminating the penny or should the us keep it's smallest coin here are four reasons for and four reasons against getting rid of it.
I think the penny (as we know it) should be eliminated because all it is is a scrap of if we eliminate pennies, it would be the same as dishonoring our famous. Governments have long waged a war on cash in an attempt to curb terrorism and tax evasion their focus has typically been on eliminating. I think we should keep the penny because it is one cent and if you have 25 of get to keep their jobs, the “eliminate the penny” folks are happy the coin is gone, .
Should you require this line of thought to be sorkinized, here are sam 2001) about not only the issue of penny abolition, but the inherent zaniness of its while americans may not have that specific problem, we asked. First, eliminate the penny and nickel and replace the quarter with a twenty maybe we should just ban cash - i mean hey, if you aren't doing. Over the last decade, the mint roughly doubled the number of pennies and nickels it shipped we don't need legislation to eliminate pennies.