Another is that some people fear that merchants in a penny-free economy, when making change on cash purchases, might be more inclined to round up than to round down, thus penalizing consumers a third is that eliminating pennies would increase our reliance on nickels, which now cost almost ten. To abolish war summary: the thesis of this essay is that the institution of war could be abolished through a combination of constructive programs and obstructive programs prevent the beneficiaries of aid from becoming so angry and desperate that they riot and pull down the elite and demand that not a penny, farthing,. 9 essays earning a score of 9 meet the criteria for 8 essays and, in addition, are especially sophisticated in their argument, skillful in their synthesis of sources, or impressive in their control of language 8 effective essays earning a score of 8 effectively develop a position on whether or not the penny should be eliminated. Earlier this month, henry aaron of the brookings institution lent his name to the cause of getting rid of the penny, our one-cent piece here in the united states aaron joins the group of “anti-pennies” (that would be a play on “penny-ante”), which includes a-listers such as former council of economic advisors. Between 2001 and 2006, there has been an increase of 6 cents for the reproduction of the penny this increase displays economic problems that may lead to fatal ones the penny is composed of 2% copper and 98% zinc these elements are exponentially in demand causing the price of these materials to skyrocket. Grade 8 / case study 1 ela ✱ smarter balanced performance task english learner research question 1 item #2695 source #4 describes how some people want to eliminate the penny from the united states' economy explain how the information in source #2 adds to the reader's understanding of the.
“we will eliminate the penny,” declared jim flaherty, canada's finance minister , in his budget speech last march in may 2012 canada duly stopped minting one -cent coins, which have been in circulation since 1858, when canada established its own currency on february 4th the royal canadian mint. Do you have a jar full of pennies taking up space on your dresser that's the usual home for the pennies that most americans receive in change eventually, they get taken to a coinstar machine to be redeemed or wind up breaking the dresser under their massive weight virtually nobody carries pennies. 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 penny.
If the us got rid of the penny, cash transactions would be rounded up or down to the nearest nickel however, the nickel has it's problems, too: it costs more than 10¢ to make a nickel some argue we would be trading in one bad coin for another other experts say that the us should get rid of both the penny and the nickel. William safire: abolish the penny william safire writes a fine argumentative piece on why america no longer has any need for a bothersome coin of copper.
The video below does a great job of being both an educational and entertaining introduction to the many practical, efficiency-based arguments in favor of eliminating the penny featured on freakonomicscom by stephen j dubner– who seems to be on an economic-moral crusade to denounce the. William safire op-ed column calls for abolition of penny notes coin is almost worthless and two-thirds of billion pennies churned out by us mint each month immediately drop out of circulation because they are more trouble than they are worth (m.
The story of the penny starts in the first us mint founded in 1792 which produced these one-cent pieces along with other coins including the quarter, dime, half dime and a mystery coin new zealand got rid of their 1 cent coin, as did oz finland and the netherlands ditched the 1 euro cent coin as well. Citizens for retiring the penny, a non-partisan, grassroots organization, calls for the elimination of the penny to save money and time.