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Bill: Privatization of Retirement Act
Details
Submitted by[?]: Spenocratic 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: March 2613
Description[?]:
| We, the Spenocrats, believe that private retirement is the only way to go. Public Pension Programs are unstable and unreliable. Paying for the retirement of the nation's elderly with the likaths of the younger workers is bad money management. Using future dollars to fund today's bankrupt programs: just another great socialist idea. If there becomes a drop in the amount of younger workers, funding these programs would be much harder. |
Proposals
Article 1
Proposal[?] to change The government's policy concerning the pension system.
Old value:: The state operates a compulsory, public pension system.
Current: The state offers a voluntary public pension, combined with other voluntary private pensions.
Proposed: The state does not operate a pension system. Individuals must save up for retirement on their own.
Debate
These messages have been posted to debate on this bill:
| Date | 00:45:34, July 27, 2008 CET | From | Commonwealth Workers Army | To | Debating the Privatization of Retirement Act |
| Message | Innocente Immeresen released the following statment: "Public Pension programs have to be more stable and reliable than private enterprises, because they are the one 'company' that is least likely to fall over. If you get far enough for THAT company to fall over, you're already in a heap of trouble. The "future dollars for today's bankrupt programs" dig is cute, but wrong. We in the SuDP are fairly good on socialist ideas - and this isn't one. Our social security program in this country has long been set up on the principle that we constantly pay into it, we invest a proportion of the capital in things like currency and construction markets, and place the bulk of it in interest-paying schemes. Thus, our fund is constantly increasing, even if we happen to have a few less 20-30 year olds than we were hoping for". |
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Voting
| Vote | Seats | ||||||
| yes |
Total Seats: 499 | ||||||
| no | Total Seats: 118 | ||||||
| abstain | Total Seats: 49 |
| Random fact: "Game mechanics comes first." For example, if a currently-enforced bill sets out one law, then a player cannot claim the government has set out a contradictory law. |
| Random quote: On 7th February 4281 a group of renowned Metzist experts from all across Terra met in Haldor to form the International Committee for the Estimation of the End Date of Capitalism (ICEEDC). With the assistance of a powerful computer, they calculated that capitalism will terminate Terra-wide on 6th November 4320, and in Dorvik on April 17th 4310. We have no reason whatsoever to believe these very eminent and learned scholars are wrong. They have never been wrong about anything before. ~ Friedrich Pfeiffer, General Secretary of the Dorvish Communist Party |