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Andrew Yang Policy on THE PENNY MAKES NO CENTS
Nobody likes pennies. They aren’t valuable enough to buy anything. They sit at the bottom of your pocket or purse, taking up space until you begrudgingly throw them in a change jar. And whenever you’re in a rush, the person ahead of you in line pulls out some change and starts slowly counting out the pennies.
Seriously, though, there are many downsides to the penny:
They’re expensive. It costs more to make a penny than it’s worth, costing US taxpayers about $70m a year. And most of the zinc that goes into them comes from China, adding over $2m to the trade deficit.
Mining the zinc and copper needed to make pennies is bad for the environment.
Counting out pennies at businesses adds up to almost 50m hours each year.
https://www.yang2020.com/policies/no-pennies/