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Bill: Establishment of a Public Pension
Details
Submitted by[?]: Saiserist League
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: April 2501
Description[?]:
... |
Proposals
Article 1
Proposal[?] to change The government's policy concerning the pension system.
Old value:: The state does not operate a pension system. Individuals must save up for retirement on their own.
Current: The state operates a compulsory public system combined with an optional private pension.
Proposed: The state offers a voluntary public pension, combined with other voluntary private pensions.
Debate
These messages have been posted to debate on this bill:
Date | 02:08:09, December 14, 2007 CET | From | Saiserist League | To | Debating the Establishment of a Public Pension |
Message | "Ironically, the existence of multiple private pensions should make them decline relatively in value by frenzied buying of stocks whilst the public pension would prosper as the value of government bonds (which is what public pensions are done in) increases. It's not as effective as a mandatory public system, but nevertheless balancing market laws should keep a voluntary public pension afloat." -Trent Borisovich Kalinyev, Treasurer of the Revolutionary Socialist Party |
Date | 06:42:48, December 14, 2007 CET | From | Liberty Party | To | Debating the Establishment of a Public Pension |
Message | "The State should not compete with the private sector. When private business fails, individuals lose money, then move on. When public business fails, taxes are raised to pay for a business that would not exist in proper market conditions. Everyone has to pay for the tax hikes, including those who support private enterprises that work. It's completely unethical and fiscally irresponsible." ~Michale Tucker, Shadow Finance Minister |
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Voting
Vote | Seats | ||||
yes |
Total Seats: 217 | ||||
no |
Total Seats: 184 | ||||
abstain |
Total Seats: 0 |
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