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Bill: Let's Turn Consumers into ***Shareholders & Investors*** Act #3
Details
Submitted by[?]: Capitalist Working Families
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: September 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
Debate
These messages have been posted to debate on this bill:
| Date | 00:34:22, October 01, 2013 CET | From | Capitalist Working Families | To | Debating the Let's Turn Consumers into ***Shareholders & Investors*** Act #3 |
| Message | Dear UPR, Welcome Back!! May we ask what are your specific objections to this bill that will rapidly alleviate the UN-employment situation in Rutania??? cf. http://classic.particracy.net/viewbill.php?billid=393245 ---The CWFP |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 236 | |||
| no |
Total Seats: 229 | |||
| abstain | Total Seats: 0 |
| Random fact: There are two countries based on Egypt in the game. Cobura is based on modern Egypt with a retro twist, while Hawu Mumenhes is based on Ancient Egypt with a modernist twist. |
| Random quote: On 7th February 4281 a group of renowned Metzist experts from all across Terra met in Haldor to form the International Committee for the Estimation of the End Date of Capitalism (ICEEDC). With the assistance of a powerful computer, they calculated that capitalism will terminate Terra-wide on 6th November 4320, and in Dorvik on April 17th 4310. We have no reason whatsoever to believe these very eminent and learned scholars are wrong. They have never been wrong about anything before. ~ Friedrich Pfeiffer, General Secretary of the Dorvish Communist Party |