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Bill: Discussion on the Economy - 4094
Details
Submitted by[?]: Great National Republican Guard
Status[?]: defeated
Votes: This bill is a resolution. It requires more yes votes than no votes. This bill will not pass any sooner than the deadline.
Voting deadline: December 4430
Description[?]:
So that we learn from our mistakes, it is important that we legislators record and understand the effects of our policies. The recently passed budget and tax plan have together proven to be a disaster for Lodamun. GDP has fallen by approximately 19 billion LOD (6.2%) - Before both bills were passed, Lodamun's GDP was almost 305 billion LOD. - The government led a majority of the Presidium to believe that "the new tax system and budget will hugely increase growth" - Since both bills have been passed, Lodamun's GDP has fallen to around 286 billion LOD. Investments have fallen by approximately 1.7 billion (5.7%) - Before both bills were passed, Lodamun's Investments were around 29.9 billion LOD. - The government led a majority of the Presidium to believe that the new tax plan would "encourage investment" - Since both bills have been passed, Lodamun's Investments have fallen to around 28.2 billion LOD. Consumption has fallen by approximately 6 billion LOD (3.6%) - Before both bills were passed, Lodamun's Consumption was over 165 billion LOD. - The government significantly increased the tax burden on the middle class, while lowering taxes for the highest earners. - Since both bills have been passed, Lodamun's Consumption has fallen below 160 billion LOD. The GDP is low while the government is running a budget deficit. If the government tries to patch this problem by cutting spending or raising taxes to fix the deficit, the GDP will drop even lower. The government has truly made a mess of the economy. -- July 4093: https://i.gyazo.com/97bcb26d7f3c3874581e93bc974c0213.png Jan 4094: https://i.gyazo.com/e34922232766fd7a13f02c3160e6b710.png Sep 4094: https://i.gyazo.com/f4556a6b2a85b632634fe37aa6e6fc2d.png Dec 4103: https://i.gyazo.com/ce4446d3f1d1408c80066e1b1e7de8d2.png OOC: I would have just taken screenshots of the information itself, but I included the in-game month and the RL date/time so that you could see that the screenshots were genuine. Ignore all that stuff, of course, just focus on the information there. |
Proposals
Debate
These messages have been posted to debate on this bill:
Date | 07:55:25, October 02, 2016 CET | From | Libertarian Party | To | Debating the Discussion on the Economy - 4094 |
Message | The government interference has ruined our economy. We should let the free market run its course. |
Date | 17:46:43, October 02, 2016 CET | From | Great National Republican Guard | To | Debating the Discussion on the Economy - 4094 |
Message | Mr. Speaker, The facts say otherwise. Cutting government spending and cutting taxes had ruined Lodamun's economy. The last set of Libertarians came here with their free market idealist nonsense; we will not tolerate it again. The Libertarians need to shut up, sit back, and let experienced economists handle these issues. -- Aden Fowler, GNRG Spokesman on Finance |
Date | 23:00:40, December 04, 2016 CET | From | Lodamese National Democratic Party | To | Debating the Discussion on the Economy - 4094 |
Message | Mr. Speaker. We constantly appeal to the finance minister to continue to issue economic reform. Stephen Rogue Head of LNDP |
Date | 12:41:46, July 28, 2018 CET | From | Lodamun Labour Party | To | Debating the Discussion on the Economy - 4094 |
Message | OOC: This bill was moved to the voting phase by the Moderation, please vote no or abstain. |
Date | 12:42:10, July 28, 2018 CET | From | Lodamun Labour Party | To | Debating the Discussion on the Economy - 4094 |
Message | OOC: This bill was moved to the voting phase by the Moderation, please vote no or abstain. |
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Voting
Vote | Seats | |||||||
yes | Total Seats: 0 | |||||||
no |
Total Seats: 476 | |||||||
abstain |
Total Seats: 119 |
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