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Bill: End the Inflation Tax Act
Details
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: November 3286
Description[?]:
| Inflation (that is, government controlled rates) is effectively a form of taxation. By printing more currency, the state acquires greater spending potential, whilst the value of the currency decreases. This creates an invisible transfer of wealth from the common people to the government. This practice must be stopped, and we can do so by ending the principle means by which inflation is caused - the central bank. |
Proposals
Article 1
Proposal[?] to change The banking system.
Old value:: The government operates a central bank and all other banks are private.
Current: The government operates a central bank and all other banks are private.
Proposed: All banks are privately owned.
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |||
| yes |
Total Seats: 22 | |||
| no |
Total Seats: 153 | |||
| abstain |
Total Seats: 0 |
| Random fact: Players have a responsibility to differentiate between OOC (out-of-character) and IC (in-character) behaviour, and to make clear when they are communicating in OOC or IC terms. Since Particracy is a role-playing game, IC excesses are generally fine, but OOC attacks are not. However, players must not presume this convention permits them to harass a player with IC remarks that have a clear OOC context. |
| Random quote: "We are told that this is an odious and unpopular tax. I never knew a tax that was not odious and unpopular with the people who paid it." - John Sherman |