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Bill: National Currency & Stability Act
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: December 3877
Description[?]:
| (1) This bill authorizes the Federal Government to purchase all of the domestically produce crude oil OFF of the market to be used as a monetary standard to STABILIZE the national currency. (2) The law will stipulate that for every ounce of crude oil in the government's possession, ONLY 20 RUT will be printed to strengthen the Dollar and foster investment. However, the Rutanian Currency is only legal for PUBLIC debts and cannot be FORCED on the Free Market. Thus, if citizens wish to trade in a foreign currency or a PRIVATE currency such as digital gold, Bitcoin, Silver, etc., they are 100% FREE in a Free and Democratic Society to do so. (3) Government scientists will freeze or solidify the oil into "Oil Bars" or "Oil bullion" to be store in the vault at Ft. Knox (OOC: Rutania's version); (4) Since there will be NO OIL in the market for ENERGY CONSUMPTION, the economy will shift to a 100% RENEWABLE energy policy overnight. (5) OOC: For more info on the SPECIFICS of this plan, send me an email to Cksavage472@yahoo.com to give me your feedback; IC: ---Aimee Chambers-McKay, Minister of Health & Social Sciences; ---Ebony Kerr-Percy, Industrial Psychologist Minister of Education & Culture; |
Proposals
Article 1
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 36
Current: 20
Proposed: 6
Article 2
Proposal[?] to change Exchange rate regime
Old value:: The exchange rate of the national currency is allowed to float, and the government does not intervene at all.
Current: The exchange rate of the national currency is allowed to float, but the government is permitted to intervene when necessary.
Proposed: The exchange rate of the national currency is fixed by the government.
Article 3
Proposal[?] to change Sales tax on luxury goods.
Old value:: 50
Current: 33
Proposed: 25
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | ||||
| yes |
Total Seats: 329 | ||||
| no | Total Seats: 0 | ||||
| abstain | Total Seats: 226 |
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