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Bill: Stock Exchange Nationalisation Bill of 2951
Details
Submitted by[?]: Hutorian Conservative 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 2952
Description[?]:
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Proposals
Article 1
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: The government owns the stock exchange(s).
Debate
These messages have been posted to debate on this bill:
| Date | 18:46:00, June 10, 2010 CET | From | United Forces of Decay | To | Debating the Stock Exchange Nationalisation Bill of 2951 |
| Message | We would certainly support that. |
| Date | 21:36:31, June 10, 2010 CET | From | Hutorian Conservative Party | To | Debating the Stock Exchange Nationalisation Bill of 2951 |
| Message | Rt Hon Baroness Marelle, Prime Minister, Madam Speaker, firstly i would like to announce how proud i am to be the new leader of the NSC. I am also so proud that my first speech to the House as Leader is as the Prime Minister of Hutori. Our party recieved an overwhelming amount of support at the polls and it gives us the right to propose all our socialist reforms that the people wanted when they voted for us. The CLP can complain about socialism but the people have declared that they want it and the CLP simply have to accept it. Madam Speaker, next to the issue. This Bill continues the NSC socialist nationalisation reforms. The state will own stock exchanges and take a share of the profit on all transactions made within the exchange. The NSC believes the state should control as much of the economy as possible and the stock exchange is one of the most influential financial institutions in Hutori and this would be another large step towards our Socalist ideal. The take on profits would mean that the state can afford all this welfare and programmes that are too expensive to maintain as things stand. Hopefully this Bill sees a new era of socialist reforms that were seen under Duke Spence and his first year as Prime Minister. |
| Date | 10:12:48, June 11, 2010 CET | From | Conservative-Libertarian Party (UM) | To | Debating the Stock Exchange Nationalisation Bill of 2951 |
| Message | Hon Emily Bridges MP, CLP Leader: Madam Speaker, can I congratulate the Prime Minister on her performance in the General Election. She fought a good campaign, although we must say we think the return of the UFD perhaps helped her a little! Madam Speaker, the Prime Minister believes that this bill will allow the state to take a share of the profits. We doubt that after nationalisation, there will be any profits to take. Who is going to invest in the stock market, Madam Speaker, when they will not be guaranteed a return in their money? Madam Speaker, I cannot see this bill working at all and it is just a further restriction to the subtleties of the free market. |
| Date | 13:07:37, June 11, 2010 CET | From | Hutorian Conservative Party | To | Debating the Stock Exchange Nationalisation Bill of 2951 |
| Message | Madam Speaker, they will be returned a profit, just the state will be entitled to a portion of it. That means the individual will take some profit from any stick exchange transaction. |
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Voting
| Vote | Seats | ||
| yes | Total Seats: 226 | ||
| no | Total Seats: 165 | ||
| abstain | Total Seats: 0 |
| Random fact: It is forbidden to impersonate a player or Moderator. |
| Random quote: "Suburbia is where the developer bulldozes out the trees, then names the streets after them." - Bill Vaughn |