We are working on a brand new version of the game! If you want to stay informed, read our blog and register for our mailing list.
Bill: Economic Freedom Act
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: February 4060
Description[?]:
| We propose the following: |
Proposals
Article 1
Proposal[?] to change The banking system.
Old value:: The government operates a central bank and all other banks are private.
Current: The government operates a central bank and all other banks are private.
Proposed: All banks are privately owned.
Article 2
Proposal[?] to change Energy regulation.
Old value:: Energy is provided by private companies but the prices they can charge are regulated.
Current: Energy is provided by nationalised companies.
Proposed: Energy is provided by private companies which are not subject to any special regulations.
Article 3
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 15
Current: 10
Proposed: 10
Debate
These messages have been posted to debate on this bill:
| Date | 02:10:46, July 10, 2016 CET | From | SLP-Libertarian Alliance | To | Debating the Economic Freedom Act |
| Message | Madam Speaker We need regulation to insure that companies don't abuse our citizens and destroy our country. We cannot accept the removal of all regulation in the banking and energy sectors. |
| Date | 19:02:04, July 15, 2016 CET | From | Regionalist Coalition | To | Debating the Economic Freedom Act |
| Message | Claire Murray of the NLP gives this statement on the proposed Economic Freedom Act now at vote: Though the New Liberal Party is a tireless advocate Economic Liberalism and the Free Market, and welcomes the proposal to cut Corporation Tax and to deregulate the energy sector - as moves we believe will increase competition, driving prices down and quality of service up - we cannot support this Bill as the result of Article 1. Though the economically sound proposals made in Articles 2 and 3 are commendable, the New Liberal Party cannot support abolition of our central bank. This would lose us too much control of our economic affairs, and may prevent us from appropriate action from being taken to avert a crisis, should the need arise. It would be irresponsible of the Senate to support this Bill. Claire Murray, Finance Spokesperson, New Liberal Party |
| Date | 19:34:53, July 15, 2016 CET | From | Labour Party | To | Debating the Economic Freedom Act |
| Message | Madam Speaker, It's of paramount importance that during any economic crisis our central bank is able to steady the ship: by privatizing our central bank, we cannot reassure people that their assets will be in safe hands. It is dangerous to assume that a privatized banking sector will do Beluzia more harm than good, and it is this government's priority to be doing a service to the Beluzian people. We would not be doing the people of Beluzia a favour by voting in favour of this legislation. As such, we simply cannot support these reckless measures. Finley Campbell Prime Minister |
subscribe to this discussion - unsubscribe
Voting
| Vote | Seats | ||||||
| yes |
Total Seats: 141 | ||||||
| no |
Total Seats: 609 | ||||||
| abstain | Total Seats: 0 |
| Random fact: When your party holds the foreign affairs department, you can create new treaties. However, before writing anything new, it is a good idea to search for existing treaties which already accomplish what you desire. |
| Random quote: "A Bill of Rights that means what the majority wants it to mean is worthless." - Antonin Scalia |