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Bill: Economic Redistibution Act.
Details
Submitted by[?]: Optimates Party
Status[?]: defeated
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: January 2143
Description[?]:
| This bill proposes to redistribute the wealth back to its citzens by cutting taxes, and cutting corperate taxes. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 25
Current: 0
Proposed: 15
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 30
Current: 0
Proposed: 10
Debate
These messages have been posted to debate on this bill:
| Date | 06:06:34, November 18, 2005 CET | From |  Txurruka/Aperribai/Mayoz's OPX | To | Debating the Economic Redistibution Act. |
| Message | Well if you would like to put Baltusia into a deficit, by all means try to pass this legislation. The luxury tax is relatively high so that income tax can stay relatively low. It is a far better method of redistributing wealth to tax money that isnt spent on the essentials and/or raw materials of industry than to tax income. Internationally, Baltusia's corporate tax rates are about on par with the average (and certainly much lower than the 100% rates in Dundorf, New Endralon and Deltaria). Additionally, corporate taxes only tax profit, which by definition, is not being reinvested in the company nor is it being used to pay workers. As such, it is again a more efficient method of redistributing wealth. |
| Date | 16:17:52, November 18, 2005 CET | From | Revolutionary Socialist Alliance | To | Debating the Economic Redistibution Act. |
| Message | Absolutely not. |
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Voting
| Vote | Seats | ||||||
| yes | Total Seats: 94 | ||||||
| no |
Total Seats: 239 | ||||||
| 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: "Only the educated are free." - Epictetus |