Question

write a paragraph tying all of the pieces together and issue a final statement about what the fate of the penny should be.

Answer 1

The debate over the fate of the penny has long been a contentious issue, with arguments echoing around its economic viability, cultural significance, and environmental impact. Advocates for its discontinuation point to the inefficiencies of minting a coin with diminishing purchasing power, along with the costs associated with production, handling, and storage that often outweigh its value. On the other hand, supporters emphasize the penny's role in American history and its psychological significance in encouraging the practice of saving. Additionally, the environmental concerns surrounding the production and disposal of pennies contribute to the growing case against them. Ultimately, as society continues to evolve towards digital transactions and cashless payments, it becomes increasingly clear that the penny's practical utility is waning. Therefore, the time has come to phase out the penny from circulation, embracing a more streamlined currency system that reflects current economic realities while allowing for sentimental preservation in museums or collector's editions.