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Bill: Economic Freedom Bill
Details
Submitted by[?]: People's Socialist 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: July 2590
Description[?]:
| A bill to increase the freedom of the economy. |
Proposals
Article 1
Proposal[?] to change The banking system.
Old value:: The government operates large, national banks, but small community based private banks are allowed.
Current: The government operates a central bank and all other banks are private.
Proposed: The government operates a central bank and all other banks are private.
Article 2
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 50
Current: 40
Proposed: 40
Article 3
Proposal[?] to change
The government's policy regarding foreign investments.
Old value:: Foreign investors need to obtain government approval for all investments in national companies.
Current: Foreign investors may invest in national companies, but may not get a majority share.
Proposed: Foreign investors may invest in national companies, but may not get a majority share.
Article 4
Proposal[?] to change The government's position towards the stock exchange(s).
Old value:: Stock exchanges are allowed but are regulated.
Current: Stock exchanges are allowed but are regulated.
Proposed: Stock exchanges are allowed and are unregulated.
Debate
These messages have been posted to debate on this bill:
| Date | 05:10:33, June 09, 2008 CET | From |  Revolutionary Republican Socialist Party | To | Debating the Economic Freedom Bill |
| Message | We of course are opposed to this bill. We just changed the banking and foreign investment lines of our code, as well as the corporate tax and the regulation on the stock exchange. While the RRSP understands that the Democratic People's Party voted against the reforms we made, we hope our votes will be enough to stop this legislation from undoing the progress we as a society have made to bring the institutions of finance and investment under popular control and away from the control of the few, the speculators, the ones who enrich themselves at the expense of our society. Again, we oppose this legislation and will vote against it. |
| Date | 00:54:09, June 11, 2008 CET | From | The Conservative Party | To | Debating the Economic Freedom Bill |
| Message | Even though we have no seats we will promote people to vote for this legislation. As it makes a more free market towards international investments and towards privatization which we favor. Also a reduction in taxes towards corporations is a step in the right direction! We in the Conservative Party votes yes! |
| Date | 13:51:08, June 11, 2008 CET | From | Revolutionary Republican Socialist Party | To | Debating the Economic Freedom Bill |
| Message | I realize we are already in voting, but WHY would you allow a stock exchange to go unregulated? This leads to insane speculation, radical moves in money over short periods of time, huge bubbles, and potential crashes. If the stock exchange is not regulated at all, there is nothing to prevent a 40% drop in one day in response to a panic. Unregulated stock exchanges have the potential to cause not only recessions, in a DAY, but GREAT DEPRESSIONS, which last for the better part of a decade and can only be fixed by a war. At the very least, why would you not regulate a stock market? That is just plain crazy. |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 135 | |||
| no |
Total Seats: 123 | |||
| abstain | Total Seats: 42 |
| Random fact: If there are no parties in your nation with seats, feel free to visit the forum and request an early election on the Early Election Requests thread: http://forum.particracy.net/viewtopic.php?f=11&t=4362 |
| Random quote: "Stupid people are ruining America." - Herman Cain |