The Instigator
General-Z
Pro (for)
Losing
5 Points
The Contender
JohnMaynardKeynes
Con (against)
Winning
14 Points

Pennies should be abolished

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Post Voting Period
The voting period for this debate has ended.
after 5 votes the winner is...
JohnMaynardKeynes
Voting Style: Open Point System: 7 Point
Started: 6/13/2014 Category: Economics
Updated: 3 years ago Status: Post Voting Period
Viewed: 1,124 times Debate No: 56565
Debate Rounds (1)
Comments (2)
Votes (5)

 

General-Z

Pro

Pennies are a waste of time and money. For instance, according http://www.usmint.gov...;, it costs 2.41 cents to make a penny. Not only is the penny cost inefficient, it also should be noted you can't use pennies in parking meters, vending machines. and in some ATMs. Abolishing the production of the penny, just like how Canada did, will result in less taxpayer money spent on a pointless object. Therefore, the penny, along with the nickel should be abolished in production.


JohnMaynardKeynes

Con

Pro has the BOP.

If we used nickels, Americans would pay a "rounding tax" of about $2 billion to $4 billion per year [1]. But Pro wants to abolish nickels, so that tax would surely be much higher. This neutralizes any benefit that comes with the cost of making pennies. Poor people who make small purchases are hurt, as are charities that use penny drives

Next, pennies are sentimental. About two-thirds of Americans want to keep the penny [1].


1. http://tinyurl.com...
Debate Round No. 1
2 comments have been posted on this debate. Showing 1 through 2 records.
Posted by ChosenWolff 3 years ago
ChosenWolff
I do think that Con made all the wrong arguments though. Our taxes would be rounded higher, but he didn't consider the cost of the US mint.
Posted by ChosenWolff 3 years ago
ChosenWolff
Pennies are really only useful for online stock and currency trading. You can trade at more specific levels if you use the penny.
5 votes have been placed for this debate. Showing 1 through 5 records.
Vote Placed by nikidavis 3 years ago
nikidavis
General-ZJohnMaynardKeynesTied
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Total points awarded:03 
Reasons for voting decision: Conduct is a tie because you both had OK conduct. Spelling and grammar goes to Con because I noticed a grammar mistake in Pro's argument. Convincing argument is a tie because you both made good points. Reliable sources goes to Con because Pro missed a source.
Vote Placed by ChosenWolff 3 years ago
ChosenWolff
General-ZJohnMaynardKeynesTied
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Reasons for voting decision: Pro really didn't expand or fill his BOP in the slightest. All it really took was Con to point this out for me, to take the win. Perhaps if he had made this debate more than 500 characters/1 round, he might of stood a chance.
Vote Placed by ESocialBookworm 3 years ago
ESocialBookworm
General-ZJohnMaynardKeynesTied
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Total points awarded:03 
Reasons for voting decision: Taxes & Expense of making coins
Vote Placed by Geogeer 3 years ago
Geogeer
General-ZJohnMaynardKeynesTied
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Total points awarded:50 
Reasons for voting decision: Normally no new arguments are permitted by Con in the final round, however since this is only a 1 round debate it has to be permitted! :-) Con's source noted an estimated 2-4 billion rounding tax. This source is biased as "Advocates for keeping the penny include Americans for Common Cents, a trade group supported by Jarden (JAH), which has a subsidiary which makes the zinc and copper blanks turned into pennies by the Mint." However Pro's argument noted that this should follow the Canadian model. In the Canadian model the there is no net effect from rounding if the price is .01 or .02 the price is rounded down. If it is .03 or .04 it is rounded up. This only applies to cash transactions and not cheque, credit or debit transactions. Nickels argument ignored from both as it is not relevant to the topic of the debate. Pro established real savings directly from the body creating the pennies vs. possible costs from a biased source, Pro's argument holds. Argument and sources
Vote Placed by TheCoolestPersonEver 3 years ago
TheCoolestPersonEver
General-ZJohnMaynardKeynesTied
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Total points awarded:04 
Reasons for voting decision: Con brought up an interesting point about taxes and suggested that although pennies are expensive to make, without them, people would have higher taxes.