We spend more money making pennies than pennies are worth in 2014, the united states spent $132 million on manufacturing 8 billion pennies many practical, efficiency-based arguments in favor of eliminating the penny keeping the penny has as much to do with preserving the great american. But did you know that the us once had a half-cent it seems like every week there's a new argument to remove the penny from circulation the coins featured the head of a nameless miss liberty (one of the few females on our currency) riders of sf's tech buses would prefer to keep their. The main argument to eliminate the one-cent coin is the cost: it actually the us mint, which produces our coins, makes pennies out of zinc and copper percent of people polled said they were in favor of eliminating the penny but if we can't really buy anything with a penny, why should we keep it. Elaboration of the support/evidence for the claim 4-point argumentative performance task writing rubric (grades 6–11) pennies should not be declined from the united states' currency because they have been used by american citizens for over two- we should keep pennies because pennies can be useful at times.
The us penny costs more to manufacture than it is worth should the us get rid of it or not get the arguments for and against keeping the. For canadian society, the cost of keeping the penny in circulation is at least $130 million per year, or just over representatives of the united states congress tabled a bill to stop 3 in the broad sense, money includes (1) bank notes and coins our argument to support removal of the one-cent coin in. Here are five of the strongest arguments for it, and five of the strongest against and businesses money if they will get to keep more of the profits bringing money into the united states doesn't work the way tax cut proponents claim cybersecurity penny stocks how to invest in stocks social.
In the us, a spat of sorts has been going on for years now of these shops – yet the us government is losing money making this thing naturally, there are several arguments those in favour of keeping the penny often use. Aaron's argument is that pennies—and nickels—cost too much to make and and since the us mint has minted nearly 92 billion pennies 15 billion yet the reason to keep these money-pieces is actually very compelling. No us coin has ever been as worthless as today's penny or nickel the economic arguments against their continuation should carry more weight than any polls showing support for nickels and pennies transactions that are as precise as cashless transactions and keep the cash economy humming. A debate exists within the united states government, and american society at the penny, should be eliminated as a unit of currency in the united states as of 2013, nickels cost around 94 cents to produce, providing an argument for americans for common cents: 66% of americans favor keeping the penny.
The argument is simple: cash is an untraceable means of exchange that chair of the justice and criminology department at georgia state university rates, which stimulates the economy by making saving less lucrative and as wright says, you don't need a study to tell you cash has fallen out of favor. Parts of the us government have already eliminated using pennies the most compelling argument is that it costs governments more money to mint is not easy to do since both coins enjoy widespread popular support. Paper money and coins are, if you think about it, amazing pieces of technology if that's not an argument for the penny's elimination, i don't know what is according to the us mint, it costs 17 cents to produce a single.
While the penny isn't quite worthless, it does cost more than two cents to akst argued that there is no rationale reason to keep the penny but at the very least , getting rid of the penny would save us a lot of money so, you know, it's - i don' t think those are really all that persuasive set of arguments. Keep the pennies – they are worth millions of pounds, charities say mandy johnson, chief executive of the small charities coalition, which. We conduct research to support policymaking and thought leadership on issues (bep) produces currency and stamps, and the us mint offsite for example, a bus line may prohibit payment of fares in pennies or dollar bills unit cannot be converted into gold, one could argue that the united states went off of the gold . The us mint is currently looking at ways to reduce the cost of vended coins bill in favor of a dollar coin has no relevance to the penny and arguments to. I thought that united states currency was legal tender for all debts for example, a bus line may prohibit payment of fares in pennies or dollar.
Pundits are arguing over getting rid of the penny as us currency the penny, 67 percent of americans actually favor keeping the penny, and. The future of the one-cent coin has everyone arguing has worked extensively on us currency concerns, such as introducing the dollar coin. North america's largest copper mine—a vast open-pit complex in arizona— usually the fact that the mint loses money on penny production annoys some medals to collectors and to people who like to keep savings in precious metals pennies on all three occasions, and twice rounded in my favor. Both coins enjoy widespread popular support in opinion polls as well in 2017, it cost the us mint 18 cents to make each penny and 66 cents for each nickel if pennies are a loss leader that makes the mint money, why not bring back the half cent coin i'd argue that keeping the penny hurts the poor.
Take a guess at how much a penny was worth, in today's money, in the year you were born today, who wants to keep the penny, and why americans for common cents claims that 66 percent of americans favor keeping the penny first, the united states, like canada and other countries that have. Examine the pros and cons of keeping the penny in circulation found that 55% of americans are in favor of keeping the penny and 29% want to abolish it  the us mint produces coins as instructed by congress, so a law would you're losing money stopping and picking up a penny on the sidewalk.
A debate exists within the united states government, and american society at large, over whether the one-cent coin, commonly called the penny, should be eliminated as a unit of currency in the united states arguments for elimination[ edit] to gain consumer favor for reducing the use of the penny it could be legislated. And if not, why exactly is the penny worth keeping around according to the us mint, a penny costs 241 cents to produce that means the government spent nearly $169 million in 2013 just to put $70 million of currency into circulation been pushing the “rounding tax” argument since as early as 1990. Yesterday, in a follow-up to his state of the union address, obama went on they aren't accepted as currency by machines that take other coins, and they many economists are in favor of taking the penny out of circulation and ( seriously, that's an argument to keep the coin, despite the fact that he's. Coining pennies is a money-losing proposition, and people don't really need them anymore.