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Bill: The Economic Situation in The Commonwealth of Rutania
Details
Submitted by[?]: Capitalist Working Families
Status[?]: defeated
Votes: This bill proposes to change income taxes. It requires more than half of the legislature to vote yes. This bill will pass as soon as the required yes votes are in, or will be defeated if unsufficient votes are reached on the deadline.
Voting deadline: August 3858
Description[?]:
| Dear Distinguished Members of the Parliament: (1) Our President, Keith Bell, and the Madame Prime Minister have proposed a "modest tax reform" proposal to alleviate the economic stagnation and deep poverty in areas of Rutania such as Kragusrov where the unemployment rate is an ABOMINABLE ***9.30%***, or almost 10%: cf. http://classic.particracy.net/ranking.php?limit=100000&topic=regionsbyunemployment (2) However, their "investment program" has WORSENED the economic situation because remember that the INVESTMENT component of our GDP was ***14.66%***. After their expansive government spending policies, the investment component of GDP is now ***14.49%***, or 12 percentage points LESS and the GOVERNMENT portion of GDP has increased to an abominable ***11%***. In other words, we were RIGHT because the increased Government spending CROWDED OUT the private-sector investment and resulted in a net LOSS of PRIVATE-sector Unionized jobs. (a) The Gross Domestic Product (GDP) ***BEFORE*** the "Democratic Investment Program": Consumption 204,332,313,433 RUT 75.47% Government 26,698,300,000 RUT 9.86% ***INVESTMENT 39,701,354,587 RUT ***14.66%*** Net Exports 0 RUT 0.00% GDP 270,731,968,020 RUT 100.00% (b) The Gross Domestic Product (GDP) ***AFTER*** the "Democratic Investment Program": Consumption 216,838,790,113 RUT 74.51% Government 32,004,000,000 RUT 11.00% INVESTMENT 42,160,694,489 RUT ***14.49%*** Net Exports 0 RUT 0.00% GDP 291,003,484,602 RUT 100.00% (c ) SOURCE: cf. http://classic.particracy.net/budget.php?nationid=6 (d ) SOURCE: cf. http://en.wikipedia.org/wiki/Crowding_out_(economics) (3) Therefore, the Capitalist Working Families Party proposes to adjust the government's income tax policy to better address the economic situation of the Commonwealth of Rutania and thereby alleviate the deep-pockets of poverty in Kragusrov at 10%, and will submit a budget periodically that BALANCES the National budget to pay for the tax cut to give economic relief to millions of Rutanian families. We propose the following: (a) An EQUAL tax of 10% for all economic classes. Even in our Holy Book, Malachi 3:10, God ONLY asks for 10%. Should Government asks for MORE??? [NOTE: That is NOT to instigate a "religious debate" but is only be used to make a point]; (b) A RE-patriation of Government funds from Healthcare and education to the INFRASTRUCTURE Department so that the National Government can invest in vital government construction projections to put Rutanians BACK-TO-WORK!!! (4) Notice that PRODUCTION & INVESTMENT (which creates jobs for Rutanians) is a measly ***14.49%***, or LOWER than it was BEFORE the "Democratic Investment Program." (a ) Thus, we feel that if we AGGRESSIVELY lower the income taxes on production and slash government spending in HALF, we can bolster the INVESTMENT component of GDP by RE-directing that bloated "11%" of the Government Portion of the GDP. (b) Their are NO JOBS in Rutania and our people are suffering. We as their elected representatives must make a bold decision to increase investment and productivity over a bloated Government bureaucracy. --Peter D. Schiff Chief Economist at Euro Pacific Capital in Delvar Province, The Headquarters of The Capitalist Working Families Party |
Proposals
Article 1
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 |
| > 4,000 RUT | 10% | 8,452,000,000 RUT |
| > 8,000 RUT | 10% | 1,479,000,000 RUT |
| > 10,000 RUT | 10% | 1,241,000,000 RUT |
| > 14,000 RUT | 10% | 512,000,000 RUT | Total | 11,684,000,000 RUT |
Debate
These messages have been posted to debate on this bill:
| Date | 01:52:39, June 08, 2015 CET | From | Rutanian Democratic Party | To | Debating the The Economic Situation in The Commonwealth of Rutania |
| Message | Members of Parliament, We would like to remind all parties for voting for our investment program that it was a good decision on their part because it assisted the government in reducing poverty in parts of Rutania. All of our Departments were and still are underfunded but we believe the CWF's populist agenda will get in the way of us passing a bigger budget. We would like to point out that our GDP 21 Billion RUT higher than it was prior to our investment program, this means that more government investment did result in the increase of jobs and the overall hightening of Rutanians incomes and salaries by a staggering 21 Billion RUT. With our program the investment portion of the GDP actually increased by 3 Billion RUT and actually didn't go down our consumption also increased by 12 Billion with the new investment. So what this means is that contrary to what the CWF is saying, we have heightened the salaries and incomes of all Rutanians and even increased private investment which the CWF seems to care so much about. This new tax reform would result in a major deficit and put the nation into bankruptcy. Keith Bell President of Rutania --------- Sarah Eibenschütz Prime Minister of Rutania |
| Date | 03:21:13, June 08, 2015 CET | From | Capitalist Working Families | To | Debating the The Economic Situation in The Commonwealth of Rutania |
| Message | "With our program the investment portion of the GDP actually increased by 3 Billion RUT and actually didn't go down our consumption also increased by 12 Billion with the new investment."--RDP Members of the Parliament, President Keith Bell, and Madame Prime Minister Sarah Eibenschutz: (1) We do NOT understand what the RDP is even talking about. Just LOOK at the Budget page that we highlighted in the proposal. The FACTS are that the INVESTMENT portion of GDP was ***14.66%*** BEFORE the RDP's "investment program" and now it is ONLY ***14.49%*** of GDP. That means that the INVESTMENT component of GDP went DOWN by .12 percentage points. (2) Yes, their program increased government spending and it caused the Government portion to increase from 9.86% to 11%, but that means that government jobs were created at the EXPENSE of the PRIVATE-sector unionized workforce. In addition, their "investment program" FAILED to decrease the unemployment rate in Kragusrov at 9.30%. (3) You do NOT have to take "our word" for it. Just look at the budget page BEFORE and AFTER the RDP's "Democratic Investment Program" as well as the unemployment statistics for the regions and you will see for YOURSELF. (4) In conclusion, we strongly recommend that the Parliament read the Encyclopedia link that we cited in the bill's proposal that shows clearly that when Government spending goes UP, it creates an *inverse* relationship with PRIVATE-sector employment. In other words, private-sector employment goes DOWN. cf. SOURCE: cf. http://en.wikipedia.org/wiki/Crowding_out_(economics) ---Peter D. Schiff Chief Economist at Euro Pacific Capital in Delvar Province, The Headquarters of The Capitalist Working Families Party |
| Date | 03:26:21, June 08, 2015 CET | From | Capitalist Working Families | To | Debating the The Economic Situation in The Commonwealth of Rutania |
| Message | P.S.: Our Tax plan will NOT result in a major budget deficit because we will submit a budget that PAYS for the aggressive marginal tax cuts. ---The Capitalist Working Families Party |
| Date | 05:55:44, June 08, 2015 CET | From | Friends of Nature | To | Debating the The Economic Situation in The Commonwealth of Rutania |
| Message | OOC: your points are false and your argument is stupid 1 economy is not working and that is fine. 2 investement increase by 3 000 000 00 rut, so, where is your loss of jobs ? when investment increased. Government spending has no effect on investment in particracy, investment stay stable and varies little, it is only goes down as a part of the GDP, but that does not mean investment is decreasing. 3 I am laughing when they say I am acting like in parliament but this is serious. please, give me a break. 4 and your joking, your budget is erasing the justice departement, HELLO, how are we going have trials, we just arrest people and shot them on sight ? |
| Date | 14:01:55, June 08, 2015 CET | From | Rutanian Democratic Party | To | Debating the The Economic Situation in The Commonwealth of Rutania |
| Message | Mr. Speaker, When GDP increases jobs have increased, you cannot look at the percentages as they only represent fractions and portion of before and after. What the CWF should be doing is looking at the numbers, private sector consumption and investment increased as well which means that jobs in fact did increase rather than decrease. The CWF is just upset that their budget didn't fix the economy while ours put us in that direction. We also think that CWF tells our intelligent and competent members of Parliament to "read an encyclopedia" it is offensive, we suggest they refrain from such comments. Sarah Eibenschütz Prime Minister |
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Voting
| Vote | Seats | ||||||
| yes | Total Seats: 56 | ||||||
| no |
Total Seats: 421 | ||||||
| abstain | Total Seats: 78 |
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