The penny, the nickel, the quarter, the dime. Words widely known in America. One, however, is being attacked: the penny. The penny has been around since the U.S became one nation. It honors our 16th president Abraham Lincoln, and is used daily. From taxpayers, to shoppers, to farmers, the penny is used. Today, it is spent and collected by most Americans. The penny should remain active in the lives of U.S citizens because of its worth to charity and the fact that it isn’t the only coin worth less than its production cost. The penny may cost more to produce than it’s worth, however, it is not alone. The penny has been around for 230 years thus having been made from many different materials. Steel, which was used in World War Ⅱ, is a cheaper
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Charities are a great way to rid your pennies! In fact, Ted Waterhouse explains that a middle school in Washington hosted a penny drive and collected $3,000 (source 3). In Waterhouse’s article “Give a Penny, Save the Day,” Waterhouse interviews Michael Cooper, an eighth grader from Washington Middle School (WMS). Cooper explains that his quarters and dimes go toward buying video games, so he wouldn’t have given them to a school drive. I was happy to give [my pennies] to someone who could really use them,’” (source 3). While some schools host annual penny drives, others will host quarter and other non-specific coin drives. They hope to raise more money that way. Being a student in the 21st century, I have firsthand knowledge of how kids and teens spend their money. They will spend money from video games, to books, to shoes, you name it. They will pay in bills and receive a handful of pennies and other coins in change. The quarters, nickels, and dimes are all carefully placed into coin purses and wallets. But where do the pennies go? Away. They are tossed into fountains, dropped, or carelessly thrown away. If you added all those pennies together, you can really make a change. Charities are a great way to rid your pennies. Save enough and you can make a change in your community, your city, your world. You make the …show more content…
Others suggest that demolishing the penny could decrease the struggle that Americans call inflation. However, it is obvious that inflation will only increase. Jeff Sommers suggests in his article “Penny Wise or 2.4 Cents Foolish?,” that “‘retailers in the real world might raise prices more than lower them. This could cause an inflation burst (source 1).’” Sommers makes an excellent point! Not only will store prices increase, but taxes will also dramatically rise. In reality, prices won’t drop. Although some people hope we may have a successful rounding system, it realistically won’t happen. Some people think a $2.01 cup of coffee will round down to $2.00 (source 1). People today, especially successful businessmen, will want $2.05 for that same cup of coffee. That $2.01 cup of coffee is now $2.05, an extra four cents! Extended research shows that if one Starbucks coffee cost $2.05, they will receive nearly $8 extra dollars per day! Nowadays, people will do anything for that extra dollar. So hope all you want, but inflation will only rise if you eliminate the
Charities are a great way to rid your pennies! In fact, Ted Waterhouse explains that a middle school in Washington hosted a penny drive and collected $3,000 (source 3). In Waterhouse’s article “Give a Penny, Save the Day,” Waterhouse interviews Michael Cooper, an eighth grader from Washington Middle School (WMS). Cooper explains that his quarters and dimes go toward buying video games, so he wouldn’t have given them to a school drive. I was happy to give [my pennies] to someone who could really use them,’” (source 3). While some schools host annual penny drives, others will host quarter and other non-specific coin drives. They hope to raise more money that way. Being a student in the 21st century, I have firsthand knowledge of how kids and teens spend their money. They will spend money from video games, to books, to shoes, you name it. They will pay in bills and receive a handful of pennies and other coins in change. The quarters, nickels, and dimes are all carefully placed into coin purses and wallets. But where do the pennies go? Away. They are tossed into fountains, dropped, or carelessly thrown away. If you added all those pennies together, you can really make a change. Charities are a great way to rid your pennies. Save enough and you can make a change in your community, your city, your world. You make the …show more content…
Others suggest that demolishing the penny could decrease the struggle that Americans call inflation. However, it is obvious that inflation will only increase. Jeff Sommers suggests in his article “Penny Wise or 2.4 Cents Foolish?,” that “‘retailers in the real world might raise prices more than lower them. This could cause an inflation burst (source 1).’” Sommers makes an excellent point! Not only will store prices increase, but taxes will also dramatically rise. In reality, prices won’t drop. Although some people hope we may have a successful rounding system, it realistically won’t happen. Some people think a $2.01 cup of coffee will round down to $2.00 (source 1). People today, especially successful businessmen, will want $2.05 for that same cup of coffee. That $2.01 cup of coffee is now $2.05, an extra four cents! Extended research shows that if one Starbucks coffee cost $2.05, they will receive nearly $8 extra dollars per day! Nowadays, people will do anything for that extra dollar. So hope all you want, but inflation will only rise if you eliminate the