It's been our smallest-denomination coin for 150 years. However, if people are willingly dumping out their pockets to leave their pennies at the cash register, it is time to get rid of them. The United States should abolish the penny because its value has greatly diminished and it is inefficient.
To start off, the penny should be abolished because the value of the penny has greatly diminished in the last few decades. It takes nearly a dime today to buy what a penny bought back in 1950. " (Source C). If the penny needed to be kept around, then there would be something we could buy with it. Noting that nothing can be purchased with just a penny, the need for it is lost. Also, "Two-thirds of them immediately drop out of circulation [dropped] behind chair cushions or at the back of sock drawers because they are literally more trouble than they are worth. (Source C). If the penny was worth more, then we wouldn't be throwing it around like used gum wrappers. The diminishing worth of the penny clearly indicates our current currency system needs an improvement.
Secondly, the penny should be abolished because it is very inefficient. "They cost more in employee-hours to wait for buyers to fish them out pack up and take them to the bank than it would cost to throw them out"." (Source C). If the penny was efficient, then we wouldn't have penny cups" next to every cash register. They save the seller time and the buyer the inconvenience of lugging around loose change that tears holes into pockets." (Source C). Also, The National Association of Convenience Stores and Walgreen's estimated that handling pennies adds 2 to 2.5 seconds to each cash transaction." (Source B). If we include the occasional customer who spends 30 seconds looking for [a] penny in his pocket, (Source B) then we can estimate you are losing a good amount of money through this inefficient process. .
Now some may say that we need to keep the penny, but these suggestions are heavily based on the sentimental value these people hold with the shiny copper currency.
Once a person is abolished, that is it. ... If I had a four year old nephew and he just received his first shiny penny, it might be the greatest fixation for him. To any long-lived adult, however, a penny could be found stuck to their shoe by the gum that was stepped in. ...
Jefferson proposed several bills some of which are: The bill abolishing entails-- repealing laws permitting land and other wealth to be set aside for the benefit of one line of descendants , who might enjoy the profits as they so chose but who could never sell or divide the estate. The bill abolishing primogeniture-- repealing laws giving an eldest son all of his fathers property and leaving nothing to the other children. ... The Notes on the Establishment of the Money Unit, which led to the adoption of our present decimal system of copper, pennies, silver dimes ,and dollars In 1...
Jefferson proposed several bills some of which are: The bill abolishing entails-- repealing laws permitting land and other wealth to be set aside for the benefit of one line of descendants , who might enjoy the profits as they so chose but who could never sell or divide the estate. The bill abolishing primogeniture-- repealing laws giving an eldest son all of his fathers property and leaving nothing to the other children. ... The Notes on the Establishment of the Money Unit, which led to the adoption of our present decimal system of copper, pennies, silver dimes ,and dollars In 1...
Colman, Penny, Rosie The Riveter (Crown Publishers, Inc., 1995) p. 18. ... Chafe, Penny, p. 133 26. ... Colamn, Penny, p.15. 31. Colamn, Penny, p. 19 Many more women served as hostesses or entertainers for those in the service. ... "On July 1, 1943, following considerable debate, Congress abolished the WAAC and created in it's stead the Women's Army Corps (WAC). ...
While this might sound expensive it is pennies when compared to the expense of killing a criminal. ... It has been estimated that California could save as much as $90 million a year if they abolish the death penalty. ... Capital punishment is not just and should be abolished from all remaining states that it still exists in. ...
Laborers worked for pennies and were treated harshly, being required to thread bobbins by dangerous sewing machinery that mass produced cotton and linen clothing. ... The abolishment of the old system of communal farming and its replacement with family farms stated that everyone had the same share of land as before. ...
Tap water in the United States is filtered enough to be safe to consume and will cost less than a penny to drink the recommended eight glasses a day. ... Brewing coffee at home can cost pennies a day but people are still paying up to $5 for a single cup, sometimes purchasing coffee multiple times a day. ... Singer states that this would "require us to abolish all state-supported welfare schemes for those who can't get a job or are ill or disabled....
