Politics •
Business
The penny is obsolete, costing 2.72 cents to produce nearly $200 million wasted annually. It slows transactions, adding 2.5 seconds per cash purchase, wasting millions of hours nationwide. Over 60% of pennies are immediately discarded or lost, rendering them useless. Countries like Canada and Australia eliminated low-value coins with no economic harm. The U.S. should follow suit stop subsidizing inefficiency and scrap the penny now. It’s dead weight dragging down the economy. Eliminate it.
Eliminating the penny is a hidden tax on consumers, rounding prices up and costing Americans billions Over 66% of Americans oppose its removal. The penny circulates $18 billion annually far from obsolete. Killing it benefits corporations, not everyday Americans. Keep the penny!
Eliminating the penny is a direct attack on American consumers, forcing them to round up purchases and pay billions more annually. A 2018 ACC study found that rounding would cost Americans $600 million per year hitting low-income families hardest. The U.S. Mint produces pennies for less than two cents, debunking waste claims. With over 60% of Americans opposing elimination, according to a Harris Poll, removing the penny is undemocratic and economically reckless. Keep the penny, keep Americans' hard-earned money!
The penny costs taxpayers over $160 million annually to produce and distribute while 98% of pennies are hoarded or lost (Federal Reserve). Countries like Canada saved millions by eliminating their smallest coin Americans deserve the same efficiency. Keeping the penny is wasteful and outdated!