We are working on a brand new version of the game! If you want to stay informed, read our blog and register for our mailing list.
Bill: IP Government Revenues Act
Details
Submitted by[?]: Imperialist 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: September 2413
Description[?]:
| We desperately need more revenue, as the deficit is about 80% of the size of the budget itself. Raising excise taxes is a good way of generating that needed revenue because: 1. it is more efficiently collected 2. it doesn't tax productivity 3. It can be used to discourage negative activities, and encourage saving, which is good for the economy Yes, such taxes affect the poor more than the rich - that is why we (should) have a progressive income tax. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 0
Current: 45
Proposed: 15
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 0
Current: 7
Proposed: 10
Article 3
Proposal[?] to change Sales tax on luxury goods.
Old value:: 0
Current: 27
Proposed: 50
Debate
These messages have been posted to debate on this bill:
| Date | 12:49:51, June 04, 2007 CET | From | Nova Prospekt Party | To | Debating the IP Government Revenues Act |
| Message | It is more efficiently collected than what? These taxes will affect consumption, which in turn will adversely affect productivity. Savings, reduces investment, raising interest rates and stifling growth. |
| Date | 18:16:31, June 04, 2007 CET | From | Imperialist Party | To | Debating the IP Government Revenues Act |
| Message | It is more efficiently collected than income taxes, because the bulk of the tax collection is performed by cash registers, not by revenue service bureaucrats. Savings is investment, silly boy. Lets give a simplified example: if you save money it goes to the bank. The bank has more liquid assets to lend out. How do you usually sell more of a product? You lower the price. What is the price of borrowing money? Interest. Alternately people might save their money by investing in the stock market. Saving IS investment! What about consumption? Well consumption funnels more resources into goods that get consumed - this raises raw material and labour costs, and lowers productivity. ooc: high savings rates have been at the core of every major economic expansion - the Japanese are probably the best example. |
| Date | 19:03:17, June 04, 2007 CET | From | Imperialist Party | To | Debating the IP Government Revenues Act |
| Message | http://en.wikipedia.org/wiki/Saving (read saving in economics) |
| Date | 08:21:38, June 05, 2007 CET | From | Imperialist Party | To | Debating the IP Government Revenues Act |
| Message | PS: If passed the current budget will balance the budget, but we need to start paying off the debt. |
| Date | 14:48:19, June 05, 2007 CET | From | Conservative Party | To | Debating the IP Government Revenues Act |
| Message | Why not propose removing income tax then, your argument doesnt seem to be of any logic, you simply propose unecessary higher taxation |
| Date | 10:19:23, June 06, 2007 CET | From | Imperialist Party | To | Debating the IP Government Revenues Act |
| Message | Because you also need infrastructure, defence, and so on - necessary government services. If you are going to raise revenues, you should do it in the most cost effective manner, as I have proposed. |
| Date | 10:20:46, June 06, 2007 CET | From | Imperialist Party | To | Debating the IP Government Revenues Act |
| Message | By most cost effective, I mean its effects on the economy are substantially less bad than income taxes. |
subscribe to this discussion - unsubscribe
Voting
| Vote | Seats | |||||
| yes |
Total Seats: 290 | |||||
| no |
Total Seats: 306 | |||||
| abstain | Total Seats: 5 |
| Random fact: Discuss flag designs at the Flag Designs thread: http://forum.particracy.net/viewtopic.php?f=5&t=37 |
| Random quote: "Mine is the first generation able to contemplate the possibility that we may live our entire lives without going to war or sending our children to war." - Tony Blair |