The Instigator
General-Z
Con (against)
Tied
3 Points
The Contender
Pelasgians
Pro (for)
Tied
3 Points

Pennies should not be abolished and are necessary to stabilise the economy.

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Post Voting Period
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after 2 votes the winner is...
It's a Tie!
Voting Style: Open Point System: 7 Point
Started: 6/15/2014 Category: Economics
Updated: 2 years ago Status: Post Voting Period
Viewed: 492 times Debate No: 56658
Debate Rounds (1)
Comments (0)
Votes (2)

 

General-Z

Con

Pennies, just like any unprofitable variation of currency. are a waste of time and money. For instance, according to
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's production should be abolished in order to improve the country's GDP.
Although the opponent may argue that pennies save citizens from taxes, the Canadian model shows that 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.
Pelasgians

Pro

According to http://www.pennies.org... Penny keep high prices in check, not only that but many charities are fueled by the power of the penny. Realistically if the penny was gone companies would not round down to the nearest penny, but up costing the consumers money! Sure it costs about 2.2 pennys to make a penny, but really you would be paying about three cents extra for every time they rounded up when you bought something. We also honor Abraham Lincoln, so in a way its American tradition. The penny has value who honestly never tried to put pennys in a piggy bank you would be surprised!
Debate Round No. 1
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2 votes have been placed for this debate. Showing 1 through 2 records.
Vote Placed by RainbowDash52 2 years ago
RainbowDash52
General-ZPelasgiansTied
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Total points awarded:30 
Reasons for voting decision: Con pointed out pennies cost more to make than they are worth, and gave empirical evidence of Canada abolishing pennies.
Vote Placed by ejoseph061901 2 years ago
ejoseph061901
General-ZPelasgiansTied
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Total points awarded:03 
Reasons for voting decision: Spelling