Later that day I saw a video on Yahoo! included in a 60 Minutes series talking about the cost of a penny. I could not believe what they said the cost was, so I restarted the video and listened harder. It cost $134 million to produce only $80 million worth of pennies. To myself I thought, why in the hell are they still producing pennies. Afterwards I did some research and found another video by 60 Minutes explaining why we can not rid ourselves of the penny. Some reasons include Americans losing money because everything will have to be rounded up to the nickel and how pennies are used for charity events.
After asking some Floridians, I came to the conclusion that we need pennies. Although I must admit, I would like to rid my purse of any large amount of brown coins jiggling to my walk. How do you feel about ridding the United States of pennies?
3 comments:
I can't believe the US spends that much money all for a penny. I am all for the penny because if not then we as consumers will end up spending more in the long run.
Well you know the saying, pick a penny up & all day long you'll have good luck!
I like the penny. How could we possibly get rid of them all? And what would we do with them? Melt them into one enormous penny? How ridiculous!
I hate pennies. I have a rule when I drop change, since for some weird reason I get embarrassed having to pick it up. If it's a dime or more, I will get it, if not, I will keep walking.
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