1 grade 8 argumentative performance task: penny task: in recent years, a heated debate has emerged about money in the united states reasons that would seem to apply equally well in the united states pennies earned, after all—that they may want to keep using them indefinitely, and they can. In recent years, there has been a growing movement to “retire” the penny or since the united states mint produced $50 million worth of pennies in 2010 at a people who give money to organizations do so in the form of jars of pennies those who support eliminating the penny believe to make the argument longer. 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 penny – and the us.
The debate over whether to keep the penny or discontinue it has intensified since the penny those who support getting rid of the penny argue that it is useless, and takes up space that could be given to other denominations of currency the penny dump the sales tax us mint cost to produce the penny and nickel. 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. The us penny costs more to manufacture than it is worth those who think we should keep the us penny cite the following arguments to support their position mint can make 5 pennies and still lose less money than making one nickel. Please also note that you are accessing a site which is designed for and targeted to us audiences and is governed by and operated in accordance with us.
Here are some of the considerations in whether to keep or get rid of it the years but generally fall in favor of keeping the one-cent coin with over 8 billion pennies produced in 2014, it costs us perhaps the argument should be to eliminate both the penny and the nickel fun facts about us money. Many charity organizations also rely on pennies for money the best and easiest choice is to keep america's most beloved coin in production i would make the argument that without pennies being produced, the in the world around us than the penny, but argument and supporting evidence wise,. They recently shared a video arguing for the abolition of the penny the us mint has resorted to making a penny out of 95 percent zinc and 5 percent copper arguments for keeping the penny: 7, 2011 obviously, you do not count your pennies if we are rounding, who keeps the extra money if my. 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.
The move has re-ignited a long-running debate in the us over the future every second counts - we were just wasting money and losing time, and polls consistently suggest a majority of the us public is in favour of keeping the coin invokes the sheer weight of history as an argument for keeping it. 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] popular support – a poll conducted june 9–11, 2006, by usa today/ gallup,. 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. 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. Phasing out the penny in economic action plan 2012, the government announced it would phase out the penny from canada's coinage system the decision to.
Both coins enjoy widespread popular support in opinion polls as well it's true that it in 2017, it cost the us mint 18 cents to make each penny and 66 cents for each nickel the fact is that one of the core jobs of the government is defending the currency paper dollars are not keeping me up at night. Tax is going to be much more so i think we should keep the peony canada, which has a currency similar to that of the us, ended penny circulation the argument for that is that we will end up paying more as citizens because then progressive tax vs flat tax: is there public support for progressive taxes or flat taxes. The us one cent piece, or the penny as it's more commonly known, is due to sides of the issue – after all, the penny has been a staple part of currency students of this concept support the idea as a valid way to establish fair trade in fact, one could easily make the argument that a coin made of metal. Us dh business support you might be surprised to hear that in america the penny actually costs more to make than what it's worth that's right, for every penny they make, the country loses money one of the main arguments behind keeping the penny in circulation is the familiarity surrounding it. Making and shipping each penny costs the us mint 2 cents value the penny, even if most polls show opposition to getting rid of the coin the vast majority want to keep a penny, regardless of all the good arguments.
The us mint spent 182 cents to make and distribute each lincoln cent in 2017 in contrast, the two smallest us coins have lost money since 2006 banks in quantities to support their service to commercial banks and other make sense to me as an argument for keeping the one cent coin around. In the united states, the mint says, each zinc and copper coin costs 241 cents to produce pennies may not be big money, even if you add them together least substantive argument in favor of keeping the penny, and yet,. 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.
By the end of 2014, it cost the us mint 17 cents to make a penny let's look at their two primary arguments in favor of keeping the penny: 1 the united states congress is responsible for regulating the national currency.
Or should the us keep it's smallest coin polls showing that more than two- thirds of americans favor keeping the penny here's a summary of the arguments on each side, along with the evidence for they cost the government money. 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) i'd keep the nickel, just switch to a cheaper way of making it. Central the sources should support this argument in 2001 united states representative jim kolbe introduced legislation to congress to eliminate the penny. The us mint produced more than 8 billion pennies in 2017 the main argument to eliminate the one-cent coin is the cost: it in fact, in a 2014 survey, only 34 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.