Why A Penny Should Be Eliminated
The writer’s grandparents feel that a penny is worth bending over and picking it off of the ground every time they come across one. Benjamin Franklin once said, “A penny saved is a penny earned” (BrainyQuote 2016). If you pick up every penny that you find, they eventually will add up. There used to be candy stores that had penny candy but nowadays, there is nothing that actually costs a penny. Many people look down at the ground, see a penny and leave it there. For them, the penny is not worth any effort to bend down and pick it up. For years and years, people have wanted to do something about pennies. Pennies have become a problem here in the United States because they cost more than a penny to make. In other countries, like Canada, they have
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The penny only costs $.01, but it takes $.017 to make them (Livingston 2016). When the mint makes the penny and sends it to the bank, the government is actually losing money (Livingston 2016).
One solution to solve the penny problem is to stop minting them. A penny is not worth much, so it does not matter if we get rid of them. It would save the United States’ government money if we got rid of them. If the United States stopped minting the penny, the nickel would be the lowest currency. A drawback of getting rid of the penny is that the government and businesses would have to raise or lower prices to the nearest five cents.
The second solution to solve the problem is to keep pennies because they help charities. Since the penny only cost $.01, people are more willing to give them away to the charities. They have penny drives that help charities raise money to keep funding them. Some of the penny charities include: The Salvation Army, Ronald McDonald Children’s Charities, Pennies for Patients Programs, and also the Leukemia and Lymphoma Society. A former commander of the Salvation Army, Lt. Bryan DeMichael, once said: "If we can collect all those pennies and get them together, we could really do something good with it" (Penny Charity 2016). They choose the penny to donate because people just throw them away and this is an opportunity to save them for better
The penny only costs $.01, but it takes $.017 to make them (Livingston 2016). When the mint makes the penny and sends it to the bank, the government is actually losing money (Livingston 2016).
One solution to solve the penny problem is to stop minting them. A penny is not worth much, so it does not matter if we get rid of them. It would save the United States’ government money if we got rid of them. If the United States stopped minting the penny, the nickel would be the lowest currency. A drawback of getting rid of the penny is that the government and businesses would have to raise or lower prices to the nearest five cents.
The second solution to solve the problem is to keep pennies because they help charities. Since the penny only cost $.01, people are more willing to give them away to the charities. They have penny drives that help charities raise money to keep funding them. Some of the penny charities include: The Salvation Army, Ronald McDonald Children’s Charities, Pennies for Patients Programs, and also the Leukemia and Lymphoma Society. A former commander of the Salvation Army, Lt. Bryan DeMichael, once said: "If we can collect all those pennies and get them together, we could really do something good with it" (Penny Charity 2016). They choose the penny to donate because people just throw them away and this is an opportunity to save them for better