Elon Musk Advocates Penny Elimination

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Fox News

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US Politics

3 reasons why Elon Musk wants to get rid of the penny

Summary

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70% Informative

Elon Musk , the billionaire part entrepreneur and part Cabinet member, has recently been vocal about his belief that the U.S. should eliminate the penny.

The argument for getting rid of the penny is not new, but Musk 's influence and outspoken nature have brought renewed attention to the debate over whether the penny still has a place in the modern economy.

The last time I can remember using a penny was in the convenience store with a give a penny , take a penny’ dish.

While the penny once served a meaningful purpose, inflation and technological progress have made it largely irrelevant. Whether policymakers will act on this issue remains to be seen, but Musk ’s influence has reignited the conversation about whether it’s time for the penny to become a thing of the past. CLICK HERE TO READ MORE BY TED JENKIN Original article source: 3 reasons why Elon Musk wants to get rid of the penny.

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Informative language

Neutral language

Article tone

semi-formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful