Should We Get Rid Of The Penny
Camila Farah
Citing a survey by the national association of convenience stores and a major pharmacy chain some authors have suggested that handling pennies can add 2 seconds or more per cash transaction.
If we stop making pennies in the first place we save all this associated time and trouble too. The 10 reasons to get rid of the penny are either practical or financial. That means more money for taxpayers to pay for. So why don t we get rid of the penny for good.
That will somewhat fix the government spending problem and taxpayers wont have to pay for so much. Rounding up prices wouldn t matter. Congress must enact a law that eliminates the penny from circulation. Yes not a lot of people use pennies so maybe we just don t produce so much.
They are logical but require a change. Mint would only have to do half the work. In fact back in 2002 2 of americans polled admitted to throwing their pennies in the garbage. October 17 2020 7 00 am there s been a debate brewing over the value of the penny and conversations have grown amid a national coin shortage.
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A yougov poll from january 2014 shows that 51 of americans favor keeping the penny while just 34 think we should eliminate it. This will give the government money to get rid of national debt. The penny seems to be more of a practical joke or protest than anything. Some estimates suggest that keeping the penny creates significant costs for businesses.
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