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Bill: Economic Liberalisation Act
Details
Submitted by[?]: National Liberal Alliance
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 4002
Description[?]:
Mr Speaker, Our great economy can only become even greater by encouraging not penalising and over-regulating the wealth creating class. This would be only the first step towards an economy where we could lowering the insanely high taxes and adopt simpler flatter models of taxation. Brian Hinn NLA Chairman |
Proposals
Article 1
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.
Article 2
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 50
Current: 30
Proposed: 25
Article 3
Proposal[?] to change Government policy on Democratic Workers' Councils.
Old value:: The government requires most industries to be fully run by Democratic Workers' Councils.
Current: The government encourages the formation of Democratic Workers' Councils through subsidies and tax exemptions.
Proposed: The government does not intervene in the marketplace with regards to Democratic Workers' Councils.
Debate
These messages have been posted to debate on this bill:
Date | 12:35:18, March 21, 2016 CET | From | Grand Nationalist Fraction | To | Debating the Economic Liberalisation Act |
Message | Mr. Speaker, looking at our economy, I can say that nothing is wrong with it. At this stage, our financial-economic model is stable. We fear a destabilization of this model by accepting the proposed tax shift. Secondly, we feel no need to subsidize enterprises in need. That could send out the wrong message. We are not against helping enterprises in trouble, but we feel there is another way to do so. Lomme Skrtel NWL spokesman on Trade and Industry |
Date | 14:47:06, March 21, 2016 CET | From | National Liberal Alliance | To | Debating the Economic Liberalisation Act |
Message | Mr Speaker, We reject this insinuation that cutting the corporation tax could somehow 'destabilise' the economy, unless the Spokesman considers the resulting increased growth and competitiveness to be 'instability'. We also strongly doubt that any private enterprises would risk placing themselves through the legal pains of insolvency merely to receive government aid. If the NWL is willing to fund refugees, why shouldn't it rescue the jobs of real Lodamese people when their jobs are at stake? It's not a perfect system but it's better, in our view, to have a largely free enterprise economy backed up to a limited extent, by government guarantees to support it in times of economic slowdown. Brian Hinn NLA Chairman |
Date | 14:50:02, March 21, 2016 CET | From | Grand Nationalist Fraction | To | Debating the Economic Liberalisation Act |
Message | Mr. Speaker, we are not against the lowering of corporation taxes. We just believe that the change is a very big one. If we could be given a model of what the effects would be, we might understand Mr. Hinn's proposition. Lomme Skrtel NWL spokesman on Trade and Industry |
Date | 18:35:04, March 21, 2016 CET | From | Great National Republican Guard | To | Debating the Economic Liberalisation Act |
Message | Mr. Speaker, My party is firmly against lowering Corporation Tax. Maintaining it at 50% prevents the private sector from having too much control. We are content with the current setup of the economy, and we must say that this bill is absolute bullshit. It proposes a single article which is intended to change the entire structure of the economy through shock therapy. We cannot rush from having the state owning the commanding heights of the economy to the state having a minor role in the economy. If my party was going to support liberalisation of the economy, it would need to be graul and realistic. We would need to change to a system where "Certain industries are owned by the state, all others are under private ownership" then to something else more liberal. However, we are not in favour of 'economic liberalisation' at the moment. The bill refers to "the wealth creating class" but fails to recognise that it is the working class which creates wealth. The bourgeoisie are leeches. The NLA had the audacity to call Jim Clover a leech, but it is the bourgeoisie who benefit from the hard labour of the proletariat who are the true leeches. Lodamun will not return to free market Capitalism. The workers are in control of the economy now. -- Joshua Fertig, Chairman of the GNRG, Minister of Trade & Industry, Vice President of 2DR Lodamun |
Date | 19:06:35, March 21, 2016 CET | From | Libertarian Solidarity | To | Debating the Economic Liberalisation Act |
Message | Mr. Speaker, my party joins the others in opposing the bill, for reasons already pointed out sufficiently. Cecil W. Monroe, Chair of Libertarian Solidarity |
Date | 19:58:28, March 21, 2016 CET | From | National Liberal Alliance | To | Debating the Economic Liberalisation Act |
Message | Mr Speaker, Once again, we marvel at the economic illiteracy dominant in the Government and the legislature. The idea that handing over control of the economy to the people from the state is destabilising or so called 'shock therapy' is frankly to use the Minister's own cultured language, bullshit. Only the leeching state planners would be in for a shock as they would have to get real jobs not involving mis-allocation of economic resources and retarded central planning. The market would distribute capital and resources much more efficiently than the political dons and commissars ever could. Brian Hinn NLA Chairman |
Date | 20:12:20, March 21, 2016 CET | From | Great National Republican Guard | To | Debating the Economic Liberalisation Act |
Message | Mr. Speaker, The NLA does not want to hand "control of the economy to the people" - they want to hand control of the economy to a specific class. The economy, as it is now, is in the hands of the people, i.e. the hands of the workers and the masses. Brian Hinn can accuse the government of "economic illiteracy" but empirical evidence shows otherwise. Lodamun is currently one of the top economies in the world, and other major economies and a large financial institution have expressed confidence in our economic model. -- Sid Landau, Finance Minister |
Date | 20:46:45, March 21, 2016 CET | From | National Liberal Alliance | To | Debating the Economic Liberalisation Act |
Message | Mr Speaker The Finance Minister is a man who considers an economy with a 95% income tax top rate to be a 'pragmatic one'. That alone is proof of rank illitera cy. His view that the extreme left measures are responsible for our economic success are indicative of the arrogant bluff that red commissars are full of. It is not a testament to the success of the red sickel economy but rather the resilience of the Lodamese people who have prospered in an economically totalitarian climate. As for the NLP we are a people's party and believe that everyone in a sense is a wealth creator. From the housewife supporting her local market with her purchases to the billionaire who owns half of Andalay. Overtaxing one hurts the other. Brian Hinn NLA Chairman |
Date | 20:47:23, March 21, 2016 CET | From | National Liberal Alliance | To | Debating the Economic Liberalisation Act |
Message | Mr Speaker The Finance Minister is a man who considers an economy with a 95% income tax top rate to be a 'pragmatic one'. That alone is proof of rank illitera cy. His view that the extreme left measures are responsible for our economic success are indicative of the arrogant bluff that red commissars are full of. It is not a testament to the success of the red sickel economy but rather the resilience of the Lodamese people who have prospered in an economically totalitarian climate. As for the NLP we are a people's party and believe that everyone in a sense is a wealth creator. From the housewife supporting her local market with her purchases to the billionaire who owns half of Andalay. Overtaxing one hurts the other. Brian Hinn NLA Chairman |
Date | 21:14:48, March 21, 2016 CET | From | Great National Republican Guard | To | Debating the Economic Liberalisation Act |
Message | Mr. Speaker, Consumption actually increased when I introduced the latest tax plan. -- Sid Landau, Finance Minister |
Date | 00:24:40, March 22, 2016 CET | From | Anarchist Workers' Union | To | Debating the Economic Liberalisation Act |
Message | Mr. Speaker, My party will support the Finance Minister. Bernard Warren, DSPL Vice Chair |
Date | 04:56:24, March 22, 2016 CET | From | Pro Lodamunese Unitarian Party | To | Debating the Economic Liberalisation Act |
Message | We will not support this bill Daniel Lodamun President of Lodamun |
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Voting
Vote | Seats | |||||||
yes | Total Seats: 0 | |||||||
no |
Total Seats: 599 | |||||||
abstain | Total Seats: 0 |
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