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Bill: Libertarian's Economic Plan of May 4037
Details
Submitted by[?]: Libertarian 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: September 4038
Description[?]:
| Mr. Speaker, Let everyone and everything be free. Rep. Jerome Hunter, Leader LP |
Proposals
Article 1
Proposal[?] to change The government's position towards the stock exchange(s).
Old value:: The government owns the stock exchange(s).
Current: Stock exchanges are allowed but are regulated.
Proposed: Stock exchanges are allowed and are unregulated.
Article 2
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: Certain industries are owned by the state, all others are under private ownership.
Proposed: The government does not intervene in the market nor provide any form of subsidies/relief to industries.
Article 3
Proposal[?] to change The government's policy concerning phone services.
Old value:: Telephone lines are provided free of charge to all citizens.
Current: The state regulates the rates providers can charge for phone service.
Proposed: The state subsidizes the phone service of low income families but does not regulate the rates providers can charge for phone service.
Article 4
Proposal[?] to change The nation's policy on minimum wage regulation.
Old value:: There shall be a minimum wage at a level considered a "living wage," well above the poverty line for a full time worker.
Current: There shall be a minimum wage at a level considered a "living wage," well above the poverty line for a full time worker.
Proposed: There is no provision for a minimum wage.
Article 5
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.
Article 6
Proposal[?] to change Energy regulation.
Old value:: Energy is provided by nationalised companies.
Current: Energy is provided by private, unregulated companies but subsidies are given to those on a low income.
Proposed: Energy is provided by private, unregulated companies but subsidies are given to those on a low income.
Article 7
Proposal[?] to change The government's policy towards fireworks.
Old value:: Professionals may run licensed fireworks shows, small fireworks are legal to the general public.
Current: Local governments determine fireworks laws.
Proposed: The sale of fireworks is unregulated, anyone may buy them.
Article 8
Proposal[?] to change The right to gamble.
Old value:: Only small-scale gambling is allowed, involving limited amounts of money; casinos are illegal.
Current: The legality of gambling is a matter of local governments.
Proposed: The legality of gambling is a matter of local governments.
Article 9
Proposal[?] to change Positive discrimination.
Old value:: The government encourages positive discrimination and enforces it for government hiring.
Current: The government encourages positive discrimination and enforces it for government hiring.
Proposed: No form of positive discrimination is permitted.
Article 10
Proposal[?] to change The government's stance on a salary cap.
Old value:: There is a national maximum wage but local governments may enforce stricter salary caps.
Current: The government enforces a salary cap.
Proposed: The government has no stance on a salary cap.
Article 11
Proposal[?] to change Sales tax on luxury goods.
Old value:: 50
Current: 33
Proposed: 25
Article 12
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 20
Current: 26
Proposed: 10
Debate
These messages have been posted to debate on this bill:
| Date | 14:30:44, June 01, 2016 CET | From | Alliance | To | Debating the Libertarian's Economic Plan of May 4037 |
| Message | Mr Speaker, The proposed halving of sales tax on luxury goods and corporate tax is simply impossible to be put forward. This huge tax break will result in a one-third decrease in national budget. How are we going to fund crucial public services? This country must not fall into the fiscal abyss. Donald Moresby Financial Minister |
| Date | 19:15:43, June 01, 2016 CET | From | Libertarian Party | To | Debating the Libertarian's Economic Plan of May 4037 |
| Message | Mr. Speaker, The Libertarian Party is of the opinion that most government services can be provided by the private sector. Also we think government should be cut immensely in order for the government to cut taxes and provide only the 'basic' needs of the people. We also think that's is ridiculous to think that a 50% luxury sales tax will only hurt the rich. That's wrong, it will only hurt the middle class. Luxury goods will be made more expensive, so expensive that even the lower middle class and the higher middle class will not be able to buy this, making luxury good even more luxury. This will result in a blow back for people who sell jewellery, crushing their jobs under the big burden of taxes. The corporation tax will make it impossible for companies to be attracted to settle in the Commonwealth of Rutania, a high corporation tax will also smother small businesses. So, there are big benefits of lowering these taxes and this can be done by lowering the budget and letting some public services in the hands of the private sector or local governments. Rep. Jerome Hunter, Leader LP |
| Date | 19:38:29, June 01, 2016 CET | From |  Democratic Socialist Party of Rutania | To | Debating the Libertarian's Economic Plan of May 4037 |
| Message | Mr Speaker, The high (actually fairly average) corporation tax rate in Rutania can be though of as a charge for all the services the state provides to Rutanian companies, such as an educated and trained workforce, free healthcare for their workers, energy, water, and telecommunications infrastructure, which would be inefficiently provided by the market. The Libertarians' argument about capital flight is obviously caveated by the fact that there is little private ownership of capital in most Rutanian industries, and democratic control in nearly all. That, of course, is what the Libertarians want to end. They want to tear down workplace democracy and democratic ownership, and bring back the shareholding classes and their management enforcers to Lord it over the Rutanian worker once again. Harold Bracewell Ex-President of the Commonwealth of Rutania Chairman of the National Executive Committee of the Democratic Socialist Party of Rutania |
| Date | 23:43:13, June 02, 2016 CET | From | Libertarian Party | To | Debating the Libertarian's Economic Plan of May 4037 |
| Message | Mr. Speaker, The DSPR gives a misrepresentation of what I think. The DWC are ill-equipped to tackle some issues, since they're lead by the workers themselves. They're feeding of the emotions of the workers / they're engaging in politics. Instead of trying to run a business like politics, we should run it with a CEO and a board of directors and / or shareholders. Also the director runs it on profit, while Workers run it for improving themselves as much as they can and giving workers as much privilege as they can, spilling any possible profit that could have been earned. While the CEO runs on profit as much as possible, but also being controlled by his shareholders and / or board of directors, not speaking of the workers who could go on a strike. However I don't think government should force businesses anything, so if businesses see it in their best interest, they can keep running their company with a workers council, instead of the DSPR I'm actually giving people a choice. Rep. Jerome Hunter, Leader LP |
| Date | 15:39:09, June 03, 2016 CET | From | National Front (NF) | To | Debating the Libertarian's Economic Plan of May 4037 |
| Message | Mr. Speaker We do not agree with the level of regulation that is currently hurting so many businesses , but a complet and mass deregulation policy will only create chaos which will spread in our economy and finances . If you would try to find a middle way and propose other changes which are not that drastic we will support them. Adolf Huffman, President of DP |
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Voting
| Vote | Seats | ||||
| yes | Total Seats: 223 | ||||
| no |
Total Seats: 240 | ||||
| abstain | Total Seats: 37 |
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| Random quote: "The use of solar energy has not been opened up because the oil industry does not own the sun." - Ralph Nader |