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Bill: Undoing the Damage Act

Details

Submitted by[?]: People's Party

Status[?]: defeated

Votes: This is an ordinary bill. It requires more yes votes than no votes. This bill will not pass any sooner than the deadline.

Voting deadline: October 2086

Description[?]:

While some members of the Council were a certain party sneaked therough a bill to subvert the pension system in this country. This bill would restore the status qou.

Proposals

Debate

These messages have been posted to debate on this bill:

Date11:35:20, July 23, 2005 CET
FromRight Wing Liberals Party
ToDebating the Undoing the Damage Act
Message
I dont know.

Date00:06:18, July 25, 2005 CET
FromLiberal Party for Equality
ToDebating the Undoing the Damage Act
MessageIf it passed, it wasnt subversion or sneakery, it was your own fault for not being around.
I supported the private system as the best compromise at the time, but this is the position I have been aiming for all along, and I dont want it to change.

Date05:53:22, July 25, 2005 CET
FromPeople's Party
ToDebating the Undoing the Damage Act
MessageI was around ...but most of the house wasn't how is that anyone's fault but the person who brought it to vote?

All I wanted was a debate, SLP wouldn't even argue it...the merits or demerits of such a thing..

The problem is, that you're punishing people by forcing them to stay poor even in retirement. People who could be millionaires, are instead forced to live in penury, drawing on welfare, or continue working into their last days to survive. No wonder you seem to like that -it gives you a big constituency that is dependent on handouts.

The second problem is that any govt system relies on pension contributions from the young to sustain it. But in a rapidly ageing society such as ours, this system will quickly exhaust itself.

Instead lets just make matching contributions for poor people within a private system so they too can enjoy a good retirement.

Date22:46:50, July 26, 2005 CET
FromLiberal Party for Equality
ToDebating the Undoing the Damage Act
MessageActually, once you look at the population graphs in our regions, assuming very few five year olds die each year our birth rates have increased in the last five years. We don't have an ageing society, even if your beloved CIA handbook says so - this is one area in which we do have our own data.

so a minimal state pension, supplemented by a private system, is perfectly sustainable.

Date13:58:20, July 27, 2005 CET
FromPeople's Party
ToDebating the Undoing the Damage Act
MessageThe demographic profiles Lievens has provided does not match that of a developed country which typically demonstrate an aging population. Rather, the profile matches that of a developing country with a disproportionate number of young citizens. If we do as you say, we would have to implement the economic stats of a developing country as well, which would mean our revenues would be hit..

Therfore I suggest we wai till the economy is implemented, and till it has caught up with where we are before we make the transition to these new stats

Date14:07:13, July 27, 2005 CET
FromSDP
ToDebating the Undoing the Damage Act
MessageI feel there should be a state element

Date21:25:40, July 27, 2005 CET
FromPeople's Party
ToDebating the Undoing the Damage Act
MessageSDP the State cannot grow your wealth as fast as you can- we should want people to to go from $50,000 to $100,000, from there onward to how much ever they can achieve...With the state it will be a tough job to increase it even to a $100,000 over a lifetime. So then what do you retire on?

Date21:35:03, July 27, 2005 CET
FromPeople's Party
ToDebating the Undoing the Damage Act
MessageThere is already a state element- we force people to save a good deal of their money . All socialgreens does is say that people will earn less on those savings than they could. In other words, it's a punishment, inflicted on those who are saving and investing for their future. Since when did this itself become a crime?

Besides you already voted against socialgreens bill. Voting NO will hurt you.

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Voting

Vote Seats
yes
   

Total Seats: 89

no
   

Total Seats: 176

abstain
   

Total Seats: 20


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