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Bill: Laissez-Faire Act
Details
Submitted by[?]: Grand National 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 3492
Description[?]:
| Mr Speaker, government is the destructive force that keeps stifling our economy, and must thus be barred completely from manipulating market price mechanisms, including on the value of money, labor and stocks. We also have to stop the creation of bubbles by fraudulent central bank practices such as quantitative easing and make sure that businesses who fail to meet customer demands are allowed to go bust in order to clear the table in a recession. Eric Wainwright MP Member for Magadonia RFR Parliamentary Leader |
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.
Article 2
Proposal[?] to change Government policy on industry and subsidies to industrial operations.
Old value:: The government acts as an investor of last resort, by nationalizing failing industries that provide vital goods or services.
Current: The government acts as an investor of last resort, by nationalizing failing industries that provide vital goods or services.
Proposed: The government does not intervene in the market nor provide any form of subsidies/relief to industries.
Article 3
Proposal[?] to change The nation's policy on minimum wage regulation.
Old value:: There shall be a minimum wage at a level considered a "living wage," well above the poverty line for a full time worker.
Current: There shall be a minimum wage at a level that a single full time worker on it can adequately subsist.
Proposed: There is no provision for a minimum wage.
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:
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| Vote | Seats | |||||
| yes |
Total Seats: 197 | |||||
| no |
Total Seats: 181 | |||||
| abstain | Total Seats: 0 |
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