Abolish the Penny Essay - 954 Words.
The penny should also be kept because the public likes it. In a study (shown by Source E) fifty-nine percent of the country opposes abolishing the penny. And in Source D, an angry American argues as to why the penny needs to be kept, and informs they are insulted by the fact that some of the government is trying to make the penny obsolete.
The main reason given for abolishing the production of the penny is that it is no longer necessary for the country to mint in order to be able to use in making change to pay for purchases. Canada discontinued their penny and has gotten along just.
Though it may take a while to pay with coins, (Source B Many are opposed to abolishing the penny. They are the people who save the pennies and actually use them. Like every other money, it adds up. It’s true that you can’t really buy anything with a penny (Source C), but if you save up the pent up pennies you have, you can actually make big bucks out of the loose change. The pennies.
From 1864 to 1942, the penny was bronze—i.e., an alloy of 95 percent copper with 5 percent tin and zinc. But in 1943, the powers that be wisely decided that beating Hitler was a higher priority.
Abolishing the Penny Makes Good Sense Alan S. Blinder An economist rarely has the opportunity to recommend a policy change that benefits 200 million people, imposes costs on virtually no one, and saves the government money to boot. But I have such a suggestion to offer the nation as a holiday gift: Let’s abolish the penny.
In the short story Abolishing the Penny Makes Good Sense written by Alan S. Binder, the author denied the usefulness of one of the most common entity in the society and most of us hold dearly and relevant. With this view of penny, the author received several opposing feedback because of the divided view when it comes to how we view penny and its importance.
Other penny supporters may just be looking out for the zinc industry since pennies are 97.5% zinc or be unwilling to part with an American symbol, but I cannot stand by and let the penny be eliminated when there are people who need it. When Harris Poll asked Americans if they wanted to abolish the penny in 2015, 51% opposed the idea while only 29% supported it. When looking at a further.