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Bill: Economic Investment and Assistance Act
Details
Submitted by[?]: Potensian People's 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: August 4149
Description[?]:
| "Potensi needs more investment and less economic intervention of our economy is to flourish." - Suraj Adyanthaya, PPP Trade and Industry Spokesperson |
Proposals
Article 1
Proposal[?] to change
The government's policy regarding foreign investments.
Old value:: Foreign investors need to obtain government approval for all investments in national companies.
Current: Foreign investors need to obtain government approval for all investments in national companies.
Proposed: Foreign investors may invest in national companies, but may not get a majority share.
Article 2
Proposal[?] to change Government policy on industry and subsidies to industrial operations.
Old value:: The government acts as an investor of last resort, by nationalizing failing industries that provide vital goods or services.
Current: The state owns the commanding heights of the economy and all major industries, but private ownership is allowed in the minor industries.
Proposed: The government subsidizes private enterprises that face bankruptcy.
Debate
These messages have been posted to debate on this bill:
| Date | 23:57:06, January 10, 2017 CET | From |  Metzism movement party of Pontesi | To | Debating the Economic Investment and Assistance Act |
| Message | Dear mr speaker, The communist party is troubled by this proposal and the decevious party name. You say you are a people's party but youre propising bills that only helps coorperations. This is pure capitalism and the communist party won't agree with it. Wouter Buffet Chairman if the communist party |
| Date | 00:38:56, January 11, 2017 CET | From | Potensian People's Party | To | Debating the Economic Investment and Assistance Act |
| Message | These proposals will result in higher levels of employment through the cutting of restrictive red tape. Higher employment means greater tax revenues for the state and a reducation in poverty. In contrast, the Communist Party believes in an economic system which has proven to be a failure. The reality is that the Communists would rather have high levels of unemployment and people relying on hand-outs from the state. - Suraj Adyanthaya, PPP Trade and Industry Spokesperson |
| Date | 02:04:05, January 11, 2017 CET | From | Potensian National Congress | To | Debating the Economic Investment and Assistance Act |
| Message | Mr. Speaker, We are not wholly proposed in principle to Article 1, but we would prefer to maintain the status quo, since we believe the government is best placed to make wise choices about when foreign investment is beneficial and when it is not. We oppose Article 2, since it would be very expensive and we are doubtful as to whether it would be of overall economic benefit to our country. President Vijay Tripathi |
| Date | 21:37:19, January 11, 2017 CET | From | Metzism movement party of Pontesi | To | Debating the Economic Investment and Assistance Act |
| Message | With the economic in hands of the governement, they have control about where the profit goes, we can invest a lot more in companies with result in less unemployment, in less risk with banks, wich results in less crisis situations. It is weird to say that it was a failure while we didn't yet nationalised the industries. We gave them a highr tax, wich is more honest to the people. The biggest shoulders carry the heaviest way. We didn't fail, not yet. The interest of private industries is making profit and less costs. They don't care how much people work for them or if they can handle the pressure of their job. If on can do the job of 3, they will prefer that even if they would die of it. While the intrest of the governement is profit and the care of the people, they can handle this kinda situations. This in't a failure but improvement. What you are proposing is more unequality and more poverty, surely together with the bill of privasation of energy and the child labour. You can attack the communist oarty as much as you want, but we rather have it, that you do it with facts and not randomly. Mahesa Soni, Candidate for minister of trade and industrie |
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Voting
| Vote | Seats | ||
| yes | Total Seats: 0 | ||
| no | Total Seats: 300 | ||
| abstain | Total Seats: 0 |
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