The penny should be eliminated! The penny is the us’s lowest denomination of currency. Currently the penny costs more money to make then the penny is worth. Recently the legislature passed a bill to cut the penny altogether. While the penny has been around for 200 years it has been proven useless in modern times for reasons like a charge card and . The many reasons for eliminating the penny include the penny costs more than the value of its metal, Basically no one uses penny's any more, And the penny costs us a lot of time that could be used valuable. The penny is useless. Did you know the penny costs more to make than the actual value of the penny. Sparshott, Jeffrey. "Just How Much Does It Cost to Make a Penny?" The Wall Street Journal.
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
For her book, Nickel and Dimed: On (Not) Getting by in America, Barbara Ehrenreich, a middle-aged female investigative journalist, assumed the undercover position of a newly divorced housewife returning to work after several years of unemployment. The premise for Ehrenreich to go undercover in this way was due to her belief that a single mother returning to work after years of being on welfare would have a difficult time providing for her family on a low or minimum wage. Her cover story was the closest she could get to that of a welfare mother since she had no children and was not on welfare. During the time she developed the idea for the book, “roughly four million women about to be booted into the labor market by welfare reform” were going to have to survive on a $6 or $7 an hour wage; the wage of the inexperienced and uneducated. This paper will discuss Ehrenreich's approach to the research, her discoveries, and the economic assumptions we can make based on the information presented in her book.
Barbara Ehrenreich’s use of logos in order to gain the reader’s support and approval was prevalent throughout this section. She clearly outlines her credibility and aptitude in the introduction of her novel - she mentions her education as well as statistical facts about hourly wages in the United States and how they will relate to her experiment. She points out her “…PhD in biology, (which she) didn’t get by sitting at a desk and fiddling with numbers” and how “According to the National Coalition for the Homeless, in 1998 it took an hourly wage of $8.89 to afford a one-bedroom apartment…the odds against a typical welfare recipient’s landing a job at such a ‘living wage’ were about 97 to 1.”
Do we really need pennies? The story of the penny starts in 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 is 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 year.
According to source #4, it states, “The one cent has influenced our language, giving us a number of idioms, such as ‘a penny for your thoughts’ (a way to ask what someone is thinking) and ‘not one red cent’ (meaning no money at all).” This is significant because it shows that the penny has affected the English language, giving the language more idioms to use. It is often said that pennies should not be manufactured anymore due to their excessive cost of manufacturing and distribution. Yes, numerous people do acknowledge that fact, but the government can also propose that pennies are to use inexpensive metal, like steel, which makes the entire coin industry save money and has the cost of coins to be cheaper to make.
Have you ever been in a store and the person in front of the line is holding the line up by having the cashier count pennies. I have been in this situation many times and it gets really frustrating. Although there is a very simple solution to this issue that has occured to many people, and many times, all over the country. And the simple solution that I will bring up today is getting rid of the penny. There are many, many reasons to get rid of the penny and all of them would help the United States of America in the long run. The first reason is that pennies are just not worth it. The second reason is that getting rid of pennies would help the prices go down. The last reason that proves getting rid of the penny would help us is that many other
Feted as the first currency authorized by the United States dating back to 1787, the penny. The penny seems to cause more of a hassle than anything else. ⅓ pennies drop out of circulation everyday, a lot of time is lost during one transaction. However, pennies have a lot of history behind them. Pennies with everything they have been through, should not be abolished.
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.
The penny has very little worth for people now days. The military won't ship pennies because they cost to much and it wouldn't be worth it. (Mancuso). There would be no profit if they were to ship pennies. The penny takes up too much space and ends up taking up a lot of room on our dressers. (Sommer). The penny is worth so little most people don't feel the need to carry around a bunch of coins. Time wasted counting pennies could add up to over $700 million per year nationwide. (Mancuso). We waste to much time with
Pennies arent very valuable, but they add up fast. In article three, Washington Middle School had its annual penny drive and raised $3000 dollars in just one week! According to article 3 people say their willing to throw in pennies than dimes and quarters because their worth so little. If the school had done a dime and quarter, or anything higher, they would not come close to the total of a penny drive.
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
The penny should be eliminated from the us currency because it cost to much to make. First, “ In the United States, the the mint says, each zinc and copper coin cost 2.41 cents to produce and distribute. It cost 1.6 Canadian cents to make a penny at the mint in Winnipeg, according to Canadian Government figures. ( A Canadian cent is worth m about 0.99 cents at the current exchange rate.) ‘ From the standpoints
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.
Many Americans assume that because a penny’s worth is minuscule, it’s importance in this country is too. On the contrary, this tiny, copper coin is a symbol of America and has been since its creation in 1787 (Source B). Now, after two centuries of the penny’s existence, a bill has been introduced by Jim Kolbe to rid America of this form of currency (Source A). The controversy over this idea has kept Kolbe’s bill from being passed for almost a year (Source A). America is due for an agreement to be made on this dispute. This icon of America should not be abolished due to its historical meaning, economic benefits, and American’s great desire to keep this coin.
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