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Bill: Federal Bankruptcy Act
Details
Submitted by[?]: Somasi Nationalist Party (SNP)
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: December 2397
Description[?]:
| To amend Aldegarian bankruptcy laws. |
Proposals
Article 1
Proposal[?] to change Government policy on industry and subsidies to industrial operations.
Old value:: The government acts as an investor of last resort, by nationalizing failing industries that provide vital goods or services.
Current: Certain industries are owned by the state, all others are under private ownership.
Proposed: The government subsidizes private enterprises that face bankruptcy.
Debate
These messages have been posted to debate on this bill:
| Date | 05:18:13, April 28, 2007 CET | From | Aldegar Freedom Party | To | Debating the Federal Bankruptcy Act |
| Message | Family First believes government subsidies to private enterprises that are not involved in crucially important industries are not only a distortion of the market, but an unnessicary distortion of the market. Let private enterprises fend for themselves - giving too many subsidies will mar competition in the market and will allow weaker businesses that would otherwise have been eliminated by stronger competition to continue inspite of their inability to compete fairly and their overall inadequacy. Family First believes that private enterprises facing bankruptcy are, to put it plainly, facing bankruptcy for a reason - because they are not adequate enough or do not provide an adequate quality of goods or services to compete in the market against businesses that ARE adequate. Subsidies to these private enterprises will destroy the essence of market competition, and our economy will not only suffer as a result, but so will the tax payers, under the burden of having to pay taxes to a big spending government. Family First believes that the current legislation is perfectly acceptable - we believe subsidies are in order for failing industries that provide absolutely vital goods or services, simply because they are crucial for our nation, but beyond crucial industries, government handouts are a gross distortion of the market and are completely unnacceptable conduct. |
| Date | 05:22:21, April 28, 2007 CET | From | Somasi Nationalist Party (SNP) | To | Debating the Federal Bankruptcy Act |
| Message | OOC: Argh, misread it. I though this too was private industries that provided vital goods and services and was an alternative to nationalization. |
| Date | 01:24:37, April 29, 2007 CET | From | Party of Moderates | To | Debating the Federal Bankruptcy Act |
| Message | This proposal is ideal in the eyes of the Party of Moderates. We wished we could have introduced it earlier, but we think it was just recently added to the game. We agree and support. |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 234 | ||||
| no |
Total Seats: 250 | ||||
| abstain | Total Seats: 166 |
| Random fact: You can view helpful ideological statistics about the regions in your nation on the region pages. You can also view detailed political opinions and the importance of them there as well. |
| Random quote: "We live in a world in which politics has replaced philosophy." - Martin L. Gross |