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Bill: Abolish socialized losses
Details
Submitted by[?]: Vanguard for Virtue & Righteousness
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: May 3677
Description[?]:
| Private profits, but socialized loss is wrong. Entrenched and well-connected businesses use "emergencies" as an excuse to let the taxpayers foot the bill for their errors and wrongdoing. let them fail and be replaced by efficient and honest businesses! This will also create social mobility, unsettling the long empowered corporations and giving entrepreneurs a chance to grow and provide better services. |
Proposals
Article 1
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.
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | ||||
| yes | Total Seats: 127 | ||||
| no |
Total Seats: 493 | ||||
| abstain |
Total Seats: 97 |
| Random fact: Players must never be asked for their Particracy password. This includes Moderation; a genuine Moderator will never ask for your password. |
| Random quote: "The only difference between the Republican and Democratic parties is the velocities with which their knees hit the floor when corporations knock on their door. That's the only difference." - Ralph Nader |