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Bill: D.05.4202 - Recession Avoidance and Prosperity Maximization Act
Details
Submitted by[?]: Luthori Labour Party
Status[?]: passed
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: January 4203
Description[?]:
| INTRODUCTION This bill has been created by the Diet Members of His Imperial Majesty's government in order to address the dire and gravely concerning lack of policy measures to avoid recessions and times of economic hardship. SECTION I: ARTICLES 1 AND 3 These articles provide fiscal measures by which the government can boost an economic recovery in the face of a recession, both by assisting hard hit industries, and by providing rural smallholders aid to continue farming at reduced prices to fill foodstuff needs during recessions, and keep farm payrolls steady. SECTION II: ARTICLES 2 AND 4 Articles 2 and 4 shall provide monetary measures and balances to the government which shall aid it in avoiding and/or rebuilding during a recession. These monetary measures will assist in ensuring the integrity of our currency when economic disasters cause inflation or deflation at unhealthy rates. Public ownership of exchanges will assist in ensuring the transparency and accountability of the market. |
Proposals
Article 1
Proposal[?] to change Government agricultural and farming subsidies policy.
Old value:: The government allows local governments to craft agricultural subsidy policy.
Current: The government subsidises the operations of low-income farming families.
Proposed: The government subsidises the operations of low-income farming families.
Article 2
Proposal[?] to change The government's position towards the stock exchange(s).
Old value:: Stock exchanges are allowed but are regulated.
Current: Stock exchanges are allowed and are unregulated.
Proposed: The government owns the stock exchange(s).
Article 3
Proposal[?] to change Government policy on industry and subsidies to industrial operations.
Old value:: The government does not intervene in the market nor provide any form of subsidies/relief to industries.
Current: The government acts as an investor of last resort, by nationalizing failing industries that provide vital goods or services.
Proposed: The government acts as an investor of last resort, by nationalizing failing industries that provide vital goods or services.
Article 4
Proposal[?] to change Exchange rate regime
Old value:: The exchange rate of the national currency is allowed to float, and the government does not intervene at all.
Current: The exchange rate of the national currency is allowed to float, and the government does not intervene at all.
Proposed: The exchange rate of the national currency is allowed to float, but the government is permitted to intervene when necessary.
Debate
These messages have been posted to debate on this bill:
| Date | 16:31:38, April 27, 2017 CET | From | Luthori Labour Party | To | Debating the D.05.4202 - Recession Avoidance and Prosperity Maximization Act |
| Message | Mr. Speaker, We open the floor to debate. |
| Date | 16:51:37, April 27, 2017 CET | From | Progression | To | Debating the D.05.4202 - Recession Avoidance and Prosperity Maximization Act |
| Message | OOC: I haven't been using "Mr. Speaker" because my party doesn't yet have MPs so consider all my statements to be soundbites or something from my party's leader to the media. We are delighted to see that the Labour Party has sprung into action, they have our full support. |
| Date | 16:54:51, April 27, 2017 CET | From | Patriots Party | To | Debating the D.05.4202 - Recession Avoidance and Prosperity Maximization Act |
| Message | We oppose these measures. Let the markets run themselves, state involvement in sectors like has consistently been proven to be worthless and detrimental to the economic activity of a country. |
| Date | 17:40:57, April 27, 2017 CET | From | Luthori Labour Party | To | Debating the D.05.4202 - Recession Avoidance and Prosperity Maximization Act |
| Message | We are confused by your outlandish claims that government intervention to boost a recovery never works. Quite the opposite, in fact. A totally unregulated free market takes hits faster than a regulated one and takes longer to recover from them. Whether that is the natural cycle or not is irrelevant. All that matters is that the natural cycle is harmful to Luthorians and must be corrected in order to improve our economic performance and in order to increase corporate confidence in our economic recovery capabilities. The passage of this bill will additionally be a strong net positive in terms of market performance, as it ensures a safer economic climate and proves a greater government confidence in our already well performing private sector if we introduce these possible measures at this time. |
| Date | 18:10:20, April 27, 2017 CET | From | Association of Consumers and Taxpayers | To | Debating the D.05.4202 - Recession Avoidance and Prosperity Maximization Act |
| Message | Strongly oppose. |
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Voting
| Vote | Seats | |||
| yes |
Total Seats: 324 | |||
| no |
Total Seats: 323 | |||
| abstain | Total Seats: 0 |
| Random fact: Particracy has been running since 2005. Dorvik was Particracy's first nation, the Dorvik Social Democrats the first party and the International Greens the first Party Organisation. |
| Random quote: "Public schools are government-established, politician- and bureaucrat-controlled, fully politicized, taxpayer-supported, authoritarian socialist institutions. In fact, the public-school system is one of the purest examples of socialism existing in America." - Thomas L. Johnson |