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Bill: Abolish Uneeded Tax
Details
Submitted by[?]: Liberty Party
Status[?]: passed
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 2494
Description[?]:
| "This tax has wiped out small business and competition, causing monopolies to form across all area's of the market. The massive corporations can easily hire a team of accountants to handle the extra bureaucracy, but what about small business? That industry has to deal with big business competition, regulation and lack of resources, employees and time. Can we really afford to continue drowning them out of the market, allowing big business to abuse the ensuring monopoly, just so the government can make a dollar?" ~Michale Tucker, Shadow Finance Minister |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 5
Current: 30
Proposed: 0
Debate
These messages have been posted to debate on this bill:
| Date | 11:55:35, November 25, 2007 CET | From |  Irish Party | To | Debating the Abolish Uneeded Tax |
| Message | I don't think is favourable to ALWAYS think about the 'small businesses'. Ultimately, the customers will decide who they shop with and who they buy from. |
| Date | 06:48:10, November 26, 2007 CET | From | Liberty Party | To | Debating the Abolish Uneeded Tax |
| Message | "I think it is of the UTMOST IMPORTANCE to provide a free market for the consumer to choose from. The consumer has no choice in a monopoly, which is what these taxes are creating." ~Michale Tucker |
| Date | 16:07:17, November 26, 2007 CET | From | National Authoritarian Movement | To | Debating the Abolish Uneeded Tax |
| Message | NAM spokesman Hjalmar Schacht in an interview concerning the profit taxes: "Its the task of Mr. Tucker to explain how such a tax creates a monopoly. The companies make profit with the needs of the people. It's just normal that the public gets something in return." |
| Date | 09:30:20, November 27, 2007 CET | From | Liberty Party | To | Debating the Abolish Uneeded Tax |
| Message | *Michale Tucker is interviewed as a guest on the ZBC's "A Day in the Directory* HOST: The Left has, as expected, questioned the justification of abolishing the 5% profit tax on Zardugali industries. In a recent statement from NAM, they claim that tax has minimal effect on the market and way corporations can give back something to the community. What's your response to this? TUCKER: Well, the Left, as expected, have once again demonstrated their lack of a basic understanding of economics. As I explained when I introduced this bill to the Directory, this tax hurts small business. The self-employed are already stretched to the limit in terms of staff, time, resources and funds. Making them hand over 5% of every purchase to the government not only wastes their time and effort by adding yet another mountain of paperwork to put on their things to do list, but it cuts money they've made. In response, the owners that manage to keep their business will adjust their prices to offset the tax, distorting the market and making independent business a more expensive, less attractive option for the consumer. Those who give up will sell their firm to a larger corporation. Large corporations make billions of ZARs per annum. They can afford to hire a few extra accountants to deal with the paperwork. All this tax means for big business is a minor dent in their profits, prompting them to consider their long term future in Zardugal. As small business owners are going broke and selling their dreams to massive corporations, we're eliminating the diversity Zardugali consumers were once blessed with and slowly creating monopolies. Even Leftists aren't thick enough to not realize what will happen once a monopoly forms; with no competition, the corporation will raise their prices to offset the tax. The poorest in society will suffer. As for the outrageous claim that corporation's "owe" something to society, don't get me started....if anything, society owes them a debt! Here they are, taking the intuitive to provide jobs, products and keep Zardugal in the global market, risking their livelihoods to do so, and NAM wants to make them feel guilty about giving Zardugalies an opportunity to buy their products! If the people who benefit directly from the existence of corporations, the consumers, believed that corporations are "taking" something from their "society", they would buy their products in the first place. NAM is fundamentally against the pursuit of wealth and happiness. The Left want to make the men who keep Zardugal in the global economy and the world spinning feel guilty for earning a living. If no one took the initiative to create trade, we would have go as far as the Stone Age." |
| Date | 16:52:02, November 27, 2007 CET | From | Saiserist League | To | Debating the Abolish Uneeded Tax |
| Message | Corporations are vast organism that suck in money and are currently expected to provide a minimum return to society, abolishing the tax will cripple the economy and merely lead to obscene amounts of wealth in the coffers of CEOs. Abolishing the corporate tax would also increase their ability to create a monopoly, ruining the entire purpose of the free market. The free market is, in any case, merely the relationship between exploiters and the exploited, making it morally abhorrent, but that is not the topic. The Revolutionary Socialist Party cannot accept such a bill. |
| Date | 08:33:52, November 28, 2007 CET | From | Liberty Party | To | Debating the Abolish Uneeded Tax |
| Message | "Well, what can a man say to that? I'm glad ignorant extremists who've no understanding of economics and don't trust people to spend there own money don't have any representation in the Directory." ~Michale Tucker |
| Date | 08:56:02, November 28, 2007 CET | From | Saiserist League | To | Debating the Abolish Uneeded Tax |
| Message | Namecalling: The last refuge of the monosyllabic. That's for you, Tucker. The leaders of the Revolutionary Socialists spent two years studying economics, so heedless patronization is not welcomed. The opening description of this bill is thoroughly misleading, as increases in corporate tax affect conglomerates far more than small businesses (there are a thousand exemptions that exclude them from most tax) yet, like the Estate Tax, this is a tax that primarily affects the rich and powerful and so is artfully, and deceitfully, being portrayed as an attempt to help the weak and exploited. Taxation on corporations is one of the few ways available to restrict them from crushing fragile small businesses and gaining veritable monopolies. |
| Date | 11:21:36, December 01, 2007 CET | From | Liberty Party | To | Debating the Abolish Uneeded Tax |
| Message | OOC (because once again that's what has happened to this debate): You are not a student of economics here. Your the leader of an extreme Socialist party and I'm the leader of a Libertarian Party trying to debunk yours as extreme and ignorant. Estate tax does not exist in Particracy. |
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Voting
| Vote | Seats | ||||
| yes | Total Seats: 234 | ||||
| no |
Total Seats: 167 | ||||
| abstain | Total Seats: 0 |
| Random fact: Don't put "the" as the first word in your party name, because when parties are referred to in news reports, their names are preceded with "the", e.g. the [Socialist Party] has lost. |
| Random quote: "Our liberty depends on the freedom of the press, and that cannot be limited without being lost." - Thomas Jefferson |