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Bill: Market Stability Act
Details
Submitted by[?]: Rationalist 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: March 4291
Description[?]:
Unregulated stock markets are extremely dangerous to the economy, this problem needs to be resolved. |
Proposals
Article 1
Proposal[?] to change The government's position towards the stock exchange(s).
Old value:: Stock exchanges are allowed and are unregulated.
Current: Stock exchanges are allowed but are regulated.
Proposed: Stock exchanges are allowed but are regulated.
Debate
These messages have been posted to debate on this bill:
Date | 20:42:53, October 18, 2017 CET | From | Mordusia First! | To | Debating the Market Stability Act |
Message | We don't need regulation, the government must stop invading people's lives. - President Grumsworth |
Date | 00:02:48, October 19, 2017 CET | From | Communist Party | To | Debating the Market Stability Act |
Message | We believe regulation should be included but we need more information on what regulations would be applied. We would like to see, restrictions on excessive buying of stock which has lead to many wealthier people making more money and leaving out the lower income investors. |
Date | 02:53:41, October 19, 2017 CET | From | Rationalist Party | To | Debating the Market Stability Act |
Message | The main complaints we have are unethical use of money put into savings accounts by banks, purchasing on a margin, and speculation. Banks are allowed to invest the money that is put into them as part of the fractional reserve system, however, many banks make risky, unsafe investments with this money, which is just asking for the economy to collapse in on itself. Purchasing on a margin encourages speculation, which destabilizes the markets, this must also be stopped. Finally, to stop speculation, we propose that we put a hard cap on how much can be invested by investment groups into one sector of the economy in a certain amount of time. This will hopefully prevent bubbles from forming causing massive collapses. We would like to hear more specific proposals from the MSP on how to prevent excessive stock purchases, and how to help the lower class get a level playing field, but we agree that this should be done. We propose a government sponsored informational bureau, to help people get educated on smart investing, to help people with less money to invest save in the long term for retirement and beyond. |
Date | 11:50:43, October 19, 2017 CET | From | Communist Party | To | Debating the Market Stability Act |
Message | We would like to limit stock purchases to around 800,000 stocks per day to stop the richer investors contorting the stock market and out pricing smaller investors. |
Date | 14:39:16, October 19, 2017 CET | From | Rationalist Party | To | Debating the Market Stability Act |
Message | Assuming that brokers, financial managers, and other stock corporations can use the 800,000 shares on their clients behalf (non transferable, that 800k applies only to stocks purchased for the client with their money, a separate limit applies to the company, etc.) We would support this. |
Date | 21:27:26, October 19, 2017 CET | From | Populist Party of Mordusia | To | Debating the Market Stability Act |
Message | Leaving the stock market unregulated will cause monopolies for richer investors. We fully support the regulation of the stock market. |
Date | 23:21:21, October 19, 2017 CET | From | Communist Party | To | Debating the Market Stability Act |
Message | Then we will support this legislation. |
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Voting
Vote | Seats | ||||
yes |
Total Seats: 319 | ||||
no |
Total Seats: 342 | ||||
abstain | Total Seats: 89 |
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