The Penny

1. My opponent argues that pennies stay in currency a long time, making it worth the 1.8 Pennies it costs. We'll just because it stays in currency longer does not make it more valuable. I honestly don't see how that would make anything more valuable. My argument last round (sorry for the confusion) was that even if we had to make five dollar bills 25 times more often it would still be more cost effective then the penny. Simply because It cost practically nothing to make paper but copper costs a decent amount of money, and to top it all off the five dollar bill is worth about 500 times more valuable then the penny. 2. The penny has no buying power but is used in currency quite a bit. But for what reason? Somebody might say to make exact change but eventually the money used to make this change is simply not worth it. My opponent has made no argument against this statement. 3. Our money system is cent based but for what reason? As I said there is almost no value at all to this coin, so why do we pay exact change? The reason is non-existent, the penny is such a small increment that it can't be efficiently used in a transaction requiring more then ten cents, which can't really be used to buy anything at all. The penny can have value if you take a redicolus time collecting them but so can any coin or any other increment of money. You cold still spend the pennies, there just simply wouldn't be any new ones coming in. Though company's will still round to the nearest 5" eventually. My opponent argues that the penny might gain value but that that claim is 100% false. Inflation will occur until the government stops borrowing and lending money which pretty much means its never going to stop. And if it were it would happen in at least 20+ years, even if inflation stopped now the penny is still not worth it. 1. Many people including my opponent think that rounding to the nearest 5" would hurt the econemy but its like a game of chance, since the money can be rounded up or down, the overall price over a year would be roughly the same, but again even it was rounded up every single time (which it won't) we would loose an extra 50$ tops in an entire year. 2. I think it's simply the fact that people are very greedy. I think you have conceded this argument but I'm not sure.... So just to recap theses charities won't loose money because people would have to give nickel which would actually probably boost charity income. 3. Well umm... Yeah not really an argument. Summary: Pennies are bad for the econemy because the government literally spends money to make less money and then people are taxed to make up for it. Pennies can't be used to buy anything and are practically useless. The only thing pennies are good for is making exact change but after a while the value the money represents becomes to small to buy anything or bother with. When peope take out pennies to make exact change it just wastes the people's time that are in the line, in is a just a plain out inconvenice we have to pay for with tax dollars. Sources: 1.coins.about.com/od/uscoins/i/penny_debate.htm 2.www.studymode.com/essays/Why-The-Penny-Should-Be-Elimanated-808466.html 3.richerbytheday.com/2008/03/should-the-penny-be-eliminated?.com I have had a lot of fun and thank my opponent for the interesting debate. May the best man win