Abolish the Penny

How many convictions form you walked past a penny on the body politic or c belessly dropped it on the lard and not picked it up, thinking that a penny is not expense your time. The Canadian mint produces nearly one amountion pennies a family and sets them off for circulation where most of them entrust spend their time on the streets or collected in jars. The Royal Canadian wad says it costs only 0.7 cents to make a penny only if if you particularor in other costs such(prenominal) as shipping the pennies to banks and so it could add up to 4 cents per penny. Surely we have to guide rid of this nuisance by proposing a bill to stamp out the penny in Canada. Pennies are heavy, a nuisance and isn?t worth carrying around in your pocket. This is why most flock leave them on the ground or collect them in a jar. In fact a small try by the mint suggests that 42% of consumers would rather abolish the penny. The bill will eliminate the penny from our currency and retailers will have to round the total after tax down to the nighest 5 cents. This bill could bear on consumers money on their purchases. It costs much to mint a penny accordingly its actual value. Eliminating the penny would be correct for our economy.

Pennies cost more than 130 million dollars every year to manufacture and promulgate and who pays for that? Well we, Canadian tax payers do. So why do we have the penny? Well, back in the 1870?s the penny was equivalent to 26 cents today, now that?s a slew but because of inflation and our economy the penny is pretty sorry today. All the money the country will save on manufacturing and distribut ing the pennies could be used for... ! If you want to get a full phase of the moon essay, order it on our website: BestEssayCheap.com

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