Should the penny be abolished?
Post Voting Period
The voting period for this debate has ended.
after 3 votes the winner is...
Defro
| Voting Style: | Open | Point System: | 7 Point | ||
| Started: | 4/2/2014 | Category: | Economics | ||
| Updated: | 7 years ago | Status: | Post Voting Period | ||
| Viewed: | 2,370 times | Debate No: | 51510 | ||
Debate Rounds (5)
Comments (4)
Votes (3)
 Pro  Con I accept. I will be arguing against your resolution that the penny be abolished. First, I would like to define the term "abolish". Abolish (v): to officially end or stop http://www.merriam-webster.com... Please state your case. |
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Pro Con Since you are the instigator, you are obligated to have a resolution, whereas I am not. All I am obligated to do is to rebut your argument. Even after I requested in Round 1 that you state your case, you still insisted that I present mine. But I have none. It would be like you asking me to play Table Tennis with you at your house, and when I arrive at your house, you say "Can we use your Table Tennis table?" When in fact I don't have one. Nevertheless, I shall comply and form an argument. *Note that so far your claim "We should get rid of the penny." is not supported by any points or arguments. ======================================================================================= Contentions: 1. Negative Effects on Business and Economy Many products and services are priced at a value ending in 9. This is called Psychological Pricing. [1][2] It is an effective business strategy that every successful entrepreneur has used. If the penny were to be abolished, this would be inconvinient due to the fact that it would not be possible to recieve change in certain cases. This would lead to companies and businesses changing the prices of their goods and services because their effective business strategy is no longer viable. Psychological Pricing is a cause of price points, which means it keeps demand of a certain product relatively high. [3]. Therefore demand would not be as high without Psychological Pricing. Because of this, the revenue and profit rates are likely to decrease, meaning the companies are not as successful. If businesses are not as successful, these potential problems would possibly arise: -Unemployment: Either people lose jobs because their bosses can't afford them due to unsuccessful business, or people can't find jobs to begin with because business can't afford to hire due to unsuccessful business. -Inflation or Deflation (either one)      2. Loss of Wealth There are many pennies in the world. And there are many people in the world who owns pennies. According to the US Mint, there are currently 200,035,318,672 pennies in circulation. [4] Therefore, by abolishing pennies, you would make the United States $2,000,353,186.72 poorer (over 2 billion dollars). Sources: [1] http://www.straightdope.com... [2] http://en.wikipedia.org... [3] http://en.wikipedia.org... [4] http://www.kokogiak.com... |
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Pro Instigator0846 forfeited this round.
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Pro Instigator0846 forfeited this round.
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Pro Instigator0846 forfeited this round.
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3 votes have been placed for this debate. Showing 1 through 3 records.
Vote Placed by johnlubba 6 years ago
| Instigator0846 | Defro | Tied | ||
|---|---|---|---|---|
| Agreed with before the debate: | - |  | - | 0 points |
| Agreed with after the debate: | - | | - | 0 points |
| Who had better conduct: | - | | - | 1 point |
| Had better spelling and grammar: | - | - | | 1 point |
| Made more convincing arguments: | - | | - | 3 points |
| Used the most reliable sources: | - | | - | 2 points |
| Total points awarded: | 0 | 6 |
Reasons for voting decision: Strong argument from Con plus Pro Forfeits.
Vote Placed by Anon_Y_Mous 7 years ago
| Instigator0846 | Defro | Tied | ||
|---|---|---|---|---|
| Agreed with before the debate: | - | - | | 0 points |
| Agreed with after the debate: | - | - | | 0 points |
| Who had better conduct: | - | | - | 1 point |
| Had better spelling and grammar: | - | - | | 1 point |
| Made more convincing arguments: | - | | - | 3 points |
| Used the most reliable sources: | - | - | | 2 points |
| Total points awarded: | 0 | 4 |
Reasons for voting decision: Forfeiture.
Vote Placed by The_Scapegoat_bleats 7 years ago
| Instigator0846 | Defro | Tied | ||
|---|---|---|---|---|
| Agreed with before the debate: | - | - | | 0 points |
| Agreed with after the debate: | - | - | | 0 points |
| Who had better conduct: | - | | - | 1 point |
| Had better spelling and grammar: | - | - | | 1 point |
| Made more convincing arguments: | - | | - | 3 points |
| Used the most reliable sources: | - | - | | 2 points |
| Total points awarded: | 0 | 4 |
Reasons for voting decision: Pro forfeited and failed to deliver opening arguments, so points go to Con.
So you're saying that because they don't work on machines, they should be completely abolished?