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Bill: Investment Act of 3673
Details
Submitted by[?]: Federalist 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: February 3674
Description[?]:
| We do believe that for the welfare of Lodamun, that the economy must be formed in order to foster greater investment as investment stands at less than 12% of GDP. |
Proposals
Article 1
Proposal[?] to change The government's policy concerning child labour.
Old value:: Child labour is allowed, but with additional regulations to those of adult labourers.
Current: Child labour is forbidden.
Proposed: Child labour is regulated by local governments.
Article 2
Proposal[?] to change Policy concerning industrial hemp.
Old value:: There are no regulations on industrial hemp.
Current: Industrial hemp regulations are left up to local governments.
Proposed: Industrial hemp regulations are left up to local governments.
Article 3
Proposal[?] to change Government policy on industry and subsidies to industrial operations.
Old value:: The state owns the commanding heights of the economy and all major industries, but private ownership is allowed in the minor industries.
Current: The government acts as an investor of last resort, by nationalizing failing industries that provide vital goods or services.
Proposed: The government subsidizes private enterprises that face bankruptcy.
Debate
These messages have been posted to debate on this bill:
| Date | 15:56:12, May 29, 2014 CET | From |  Great National Republican Guard | To | Debating the Investment Act of 3673 |
| Message | Mr. Speaker, We are not willing to change the setup of the economy from the commanding heights principle to one where the government just throws money at companies who don't know how to use it. -- Benjamin Landau, Finance Minister |
| Date | 15:57:31, May 29, 2014 CET | From | People's Party for Freedom and Democracy | To | Debating the Investment Act of 3673 |
| Message | Mr. Speaker, We support articles 1 and 2.The proposed article 3 is better than the current situation. We will vote yes. Aarin Aldermann Chairman PPFD |
| Date | 16:04:44, May 29, 2014 CET | From | Great National Republican Guard | To | Debating the Investment Act of 3673 |
| Message | Mr. Speaker, Article 3 is horrible. At least the current law forces the government to take responsibility for the businesses that they own. The proposed law would mean that the government gives away taxpayers' money to companies who don't know how to use it. It would be unfair to the people and the economy to pump money into businesses which have proven to be inefficient. -- Benjamin Landau, Finance Minister |
| Date | 19:22:19, May 29, 2014 CET | From | Federalist Party | To | Debating the Investment Act of 3673 |
| Message | Mr. Speaker, It seems that now the GNRG is worried about business efficiency when any economics 101 class can tell you private businesses are more efficient, subsidised or not, than government control. |
| Date | 01:42:35, May 30, 2014 CET | From | Great National Republican Guard | To | Debating the Investment Act of 3673 |
| Message | Mr. Speaker, Being in control of the country's education for centuries, my party knows the doctrines that are spread through the schools. The Federalists shouldn't bring their foreign liberal ideas here. We have admitted, in several debates defending this system, that private businesses are more efficient. It is why we set up the "Contract Economics" system that was unique to Lodamun at the time it was implemented. We still would prefer to have the commanding heights of the economy under government control. Even the directors of Karav Financial Services, one of the largest financial institutions of the world, endorses our party and our decisions in economics. The Federalists are crazy if they think that giving away money to private businesses, specifically the ones which go bankrupt, will promote efficiency. If these businesses go bankrupt, obviously they were inefficient. Why should we encourage them to be inefficient by promising them a grant after they fail? Let the inefficient private businesses fail. They will be replaced by more efficient ones. This is better than giving them the taxpayers' money that they will misuse and allow themselves to fail again. So our final word on this proposal, a policy that "government subsidizes private enterprises that face bankruptcy" is No. We will not invest in failing businesses. They fail for a reason. -- Benjamin Landau, Finance Minister |
| Date | 04:02:36, May 30, 2014 CET | From | Grand Nationalist Fraction | To | Debating the Investment Act of 3673 |
| Message | Mr. Speaker, we cannot agree with any of these propositions. As for child labour and hemp, we believe that we must maintain an equal standard all over the country. Decentralization will cause problems. As for our economy, Lodamun has proven to run a very efficient economy. As long as we keep up the good work we see no reason for change. Vince Urbain P&A chairman vice-president of Lodamun |
| Date | 17:36:01, May 30, 2014 CET | From | Great National Republican Guard | To | Debating the Investment Act of 3673 |
| Message | Mr. Speaker, According to statistics from Karav Financial Services for August 3673, Lodamun is in the top 20 in the world for Investments. Investments are a low percentage of our GDP because of our extremely high GDP, not because of low investments. Our GDP is 309,005,471,600.45 KRV (334,728,825,535.00 LOD), which is the 2nd highest in the world. The country with the highest GDP in the world has Investments making up less than 7% of their GDP. Lodamun's investment figures are not as bad as the Federalist Party would want it to seem. Investments in Egelion make up 16.49% of their GDP, which is more than any country in the world, but their GDP is 9% lower than ours. I believe Lodamun's current economic model is more stable, and I would encourage fellow Members of this chamber to have more confidence in our economy and do the same, instead of trying to cause trouble and instability. Giving away money, as a reward for when an inefficient business fails, is the last thing a competent government would do if it cares about the economy. We don't care what percentage of our GDP is made up by Investments. That doesn't matter to our constituents, except the ones in Andalay Province. There are some things we could look at that actually matter to our constituents: Lodamun spends 231.58 KRV (250.85 LOD) per capita on Health & Social Services, the 6th highest in the world. Lodamun spends 138.95 KRV (150.51 LOD) per capita on Education & Culture, putting us in the top 15 in the world. Lodamun spends 78.74 KRV (85.29 LOD) per capita on Science & Technology, the 9th highest in the world. We are not a Communist state where government spending accounts for our entire GDP. Even though our total government spending per capita is the 9th highest in the world, our total government spending accounts for less than 32% of our GDP, and we have the 15th highest Consumption per capita in the world. We are able to achieve this while running a balanced budget. -- Benjamin Landau, Finance Minister |
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Voting
| Vote | Seats | ||
| yes | Total Seats: 87 | ||
| no | Total Seats: 512 | ||
| abstain |
Total Seats: 0 |
| Random fact: Treaties will be eligible for deletion if they are more than 50 in-game years old and have no currently ratified members. |
| Random quote: "The decadent international but individualistic capitalism in the hands of which we found ourselves after the war is not a success. It is not intelligent. It is not beautiful. It is not just. It is not virtuous. And it doesn't deliver the goods." - John Maynard Keynes |