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Bill: Let's Turn Consumers into ***Shareholders & Investors*** Act
Details
Submitted by[?]: Capitalist Working Families
Status[?]: passed
Votes: This bill proposes to change income taxes. It requires more than half of the legislature to vote yes. This bill will not pass any sooner than the deadline.
Voting deadline: April 3554
Description[?]:
| Dear Distinguished Members of the Parliament: First and foremost, please *note* that the Capitalist Working Families Party received the *largest* gain of seats than *any* other party in this body at an unbelievable *56* seats, or *9.22%*. Therefore, this means that our Party's message of tax cuts and lower spending to encourage private-sector investment spending is resonating with the People of Rutania: cf. http://classic.particracy.net/viewnews.php?after=18600&before=18612&nation=6 Thus, we are simply proposing an even more *aggressive* income tax cut for the *poorest* citizens of Rutania by completely *eliminating* the Bottom Bracket for all incomes above 1,500 RUT but less than 3,000 RUT in order to further job growth and investment. As a direct result of the recent budget proposal, we have amassed a *budget surplus* of nearly 4.6 Billion RUT so we can afford this further aggressive elimination of the Bottom Bracket: (1) (a) As of the current State of the Economy, our *Investment Component* of Rutania's Gross Domestic Product (GDP) as a direct result of the *30%* reduction in the Top Tax Rate of 35% and *59%* cut in discretionary Government Spending has actually *improved* from the measly "13.79%" beforehand to a lukewarm "14.25%", or a .49 percentage point increase. Unfortunately, though, the people are still financially struggling to find employment and credit opportunities so it must go further: cf. http://classic.particracy.net/budget.php?nationid=6 (b) Economists in the Commonwealth of Rutania are *uniformly* in agreement that when the People *over*-consume in the market, it *crowds-out* Private-sector *investment* which will create high-paying *jobs* for the Rutanian People by *depressing* savings that the people can use to *invest* in Stocks of Publicly-traded corporations in which it will be used to expand *investment capital* for that particular business thus creating more *high*-paying jobs for millions of UN-employed Rutanians. In the Science of Economics, this is based mathematically on the *Solow-Growth Model* which states that "***Savings***---[NOT consumption]---leads to *investment*!!!" cf. http://en.wikipedia.org/wiki/Solow_growth_model cf. http://en.wikipedia.org/wiki/Crowding_out_(economics) (c) For example, allow us to explain this situation using a simple analogy: if there is a total of 10 RUT in the entire economy (GDP), and an unbelievable ***7 RUT*** is driven by ***Consumption*** with Government spending amounting to a 1.30 RUT, then that means that the Private-Sector *only* has 1.40 RUT to spend on ***Job Growth*** and ***Investment***. (d) Thus, we are simply proposing that if we were to aggressively ***reduce*** the size of the ***Consumption*** portion/component of GDP from ~224 Billion RUT to only 145.6 Billion RUT (or 35%), that will naturally and proportionately ***increase*** the ***Investment*** component of GDP in the Private-sector further by about 35% because citizens will divert their money from simply "consuming" goods and services to actually ***saving*** and ***investing*** their money and resources in attractive stocks and Corporate bonds offered by publicly-traded corporations on the Terran Stock Exchange which will be used to increase ***investment capital*** in order to promote jobs and economic growth for struggling and unemployed Rutanian families. (2) Therefore, we can achieve this desired goal by enacting---what Economists universally understand---a ***Negative Externality*** via the imposing of a 35% ***Consumption-based*** Sales Tax which will naturally ***persuade*** Rutanian shoppers from simply ***wasting*** their money "consuming" brand-name goods to actually using that money ***productively*** by buying attractive stocks and bonds offered by publicly-traded corporations. cf. http://en.wikipedia.org/wiki/Negative_externality#Negative cf. http://www.storyarts.org/library/aesops/stories/north.html ["The North Wind & The Sun" by Aesop (in Terra's History) in which the moral is "Persuasion is ***better*** than force!!!"]; (3) In conclusion, when politicians campaign for office, all they ever do is "promise" to "create jobs" for the people, but they ***never*** give a detailed plan on ***how*** to create those jobs in the private sector. The ***truth*** is if we ***radically*** and ***aggressively*** lower marginal tax rates, sharply reduce Government spending, and aggressively divert money/resources away from ***consumption*** to ***savings***, it will ***radically*** and ***aggressively*** increase the ***Investment*** component of Rutania's GDP. Let's just give it a try. ----Joint Parliamentary Conference by Brian A. Mayfield (Minister of Health and Social Sciences of the Capitalist Working Families Party) & David Yost (Minister of Finance of the Minarchist League of Rutania); NOTE: This bill has been ***enthuiasatically*** endorsed by the Terran Stock Exchange; cf. http://classic.particracy.net/vieworganization.php?organizationid=2776 |
Proposals
Article 1
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 0
Current: 20
Proposed: 35
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 20
Current: 33
Proposed: 35
Article 3
We propose to alter income tax brackets to the following setup. Information about the current income tax system can be found here.
| Bracket | Tax | Estimated Revenue |
| > 3,000 RUT | 9% | 3,953,000,000 RUT |
| > 4,000 RUT | 15% | 17,555,000,000 RUT | Total | 21,508,000,000 RUT |
Debate
These messages have been posted to debate on this bill:
| Date | 18:25:11, September 30, 2013 CET | From | Capitalist Working Families | To | Debating the Let's Turn Consumers into ***Shareholders & Investors*** Act |
| Message | http://classic.particracy.net/viewbill.php?billid=393171 Dear MPR, *May* I ask what are your *specific* objections to the proposed bill??? ----The CWFP |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 236 | |||
| no |
Total Seats: 229 | |||
| abstain | Total Seats: 0 |
| Random fact: Players who consent to a particular role-play by acknowledging it in their own role-play cannot then disown it or withdraw their consent from it. For example, if player A role-plays the assassination of player B's character, and player B then acknowledges the assassination in a news post, but then backtracks and insists the assassination did not happen, then he will be required under the rules to accept the validity of the assassination role-play. |
| Random quote: "Sometimes it is said that man cannot be trusted with the government of himself. Can he, then, be trusted with the government of others?" - Thomas Jefferson |