Eliminate the penny essay help. Velde has suggested an alternative plan in which the government would make the penny worth five cents. Weller is executive director Americans for Common Cents, which is a lobbyist group focused on support for the penny; a group which has empirically teamed up with a number of zinc lobbyists to support their own business pursuits.
The penny has strong support for preservation, but there are many reasons it should be eliminated. As of 2007, a nickel is worth what a penny was worth in 1972. There has never been a coin in circulation in the U. S. worth as little as the penny is worth today, although currently other countries have coins with less purchasing power in circulation.
The penny is one of the most symbolic creation of America. It has our 16th president’s face engraved on it and he was one of the greatest leaders who made a great impact to our country. We shouldn’t abolish the coin because it’s a historical symbol that should be honored and treasured.
A debate exists within the United States government and American society at large over whether the one-cent coin, the penny, should be eliminated as a unit of currency in the United States.The penny costs more to produce than the one cent it is worth, meaning the seigniorage is negative - the government loses money on every penny that is created.. Several bills introduced in the U.S. Congress.
Pennies should be taken out of circulation in the United States because they are a waste of time, they are a waste of money, and they are virtually worthless. Initially, pennies waste time.
The penny existed even in 1793, and then too was it worth one cent (Penny Visual). Although its appearance has changed slightly, the penny is one of the few things that this generation shares with those passed. Eliminating the penny would mean destroying an American symbol of history.
The argument about whether or not the penny should be eliminated has been around since 1990 and does not seem to have an easy solution. The arguments for keeping the penny range, but the main argument for eliminating the penny is constant. Opponents of the penny find it to be a waste. For them, it is a waste of money and time.
Should the Penny Stay in Circulation? The US Mint shipped 8.4 billion pennies for circulation in 2017, more than all nickels (1.3 billion), dimes (2.4 billion), and quarters (1.9 billion) combined. While countries such as Australia, Canada, and New Zealand have phased out their one-cent pieces, Harris Poll found that 55% of Americans are in favor of keeping the penny and 29% want to abolish it.