Get Rid Of The Dollar Bill
How would this affect America's economy
America would save billions alone if we were to switch to dollar coins.
The dollar coin would help with expenses.
The average life span of a dollar bill is 22 months.
What we can do with this new savings
Buy two extra Lockheed Martin F-35 fighter jets a year.
Construct a bridge
Buy every man, woman, and child in America a can of Coca-Cola.
- Or pay about seven hours' worth of interest on
- Create homes for the homeless like our homeless veterans
- Pay back some of our depts. to foreign countries ( like China etc.)
People argue that carrying around dollar coins is a waste of time and would only weigh down their purses or wallets. But replacing the dollar bill with the coin would save taxpayers a estimated 4.4 billion over the next 30 years. Would you rather save billions over the next couple years, or refuse the dollar coin because it is heavy? Switching to the dollar coin would not only benefit the American citizens but also help our environment. The amount of waste produced in shredding of old notes is equal to the amount of trash that 345,000 Americans create in a year. Can you imagine that? The amount of trash that 345,000 Americans produce a year is equal to the amount of notes we shred. It is more beneficial to switch to the dollar coin. Not only would America be saving on expenses, but it would help with the pollution.
Different percentages of things thrown away
Old notes shredded
Would you rather save billions in the next years, or deny the dollar coin because it is too heavy?
Many people say that it would cost money for the vending machines to update to take dollar coins. But vending machines and mass transit system administrators actually embrace this switch. This is because, if the dollar coin was to replace the dollar bill, it would make their transition much easier.
Curencys we shouldnt get rid of
100 dollar bill- The one hundred dollar bill can be used outside the country and many people do not care if its counterfeit. The hundred dollar bill is also the most in circulation.
20 dollar bill- The twenty dollar bill is used in atms its the highest currency in the atm. The 2nd currency that is the most in circulation
penny- There are about 2 billion-2.5 billion pennies in circulation. 67 percent of Americans favor the penny circulation. Also the first currency of any type authorized by the united states.
2 dollar bill- Good for tips and casinos etc. its one of the rarest usa currency's also making it more desirable.
Daily News. (n.d.). Ax dollar bills to save money: Congress - NY Daily News. Retrieved from http://www.nydailynews.com/news/national/ax-dollar-bills-save-money-congress-article-1.1211013\
"The History of the One Dollar Bill." The Dollar Bill Collector. N.p., n.d. Web. 31 Jan. 2016.
Getting Rid of the Dollar Bill Is a Bad Idea. (n.d.). Retrieved from http://www.huffingtonpost.com/eli-lehrer/dollar-bill-coins_b_3666998.html
Why we should do away with the dollar bill - The Denver Post. (n.d.). Retrieved from http://www.denverpost.com/ci_23724788/do-away-dollar-bill