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Bill: Ministry of Finance - Overcoming the economic depression
Details
Submitted by[?]: 민주진보당 (Democratic Progressive)
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 4301
Description[?]:
| Former president Hong from NCP almost destroyed Kyo's economy. Some of the major economic problems that Hong caused are - increased debt (main problem) - increased income gap purposely - increased unemployment by collapsing industrial foundation - increased the price of houses purposely - collapsed industrial foundation by massive corruption - spend taxes for useless construction To solve this problem, Ministry of Finance will decrease the waste of budget by decreasing the public sector. |
Proposals
Article 1
Proposal[?] to change The salaries of members of parliament and/or government.
Old value:: Members of parliament and/or government receive the highest salaries in the country, far above the salaries of other citizens.
Current: Members of parliament and/or government are entitled to a comparatively average salary.
Proposed: Members of parliament and/or government are entitled to a comparatively average salary.
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 0
Current: 50
Proposed: 30
Article 3
Proposal[?] to change The banking system.
Old value:: All banks are privately owned.
Current: The government operates a central bank and all other banks are private.
Proposed: The government operates a central bank and all other banks are private.
Article 4
Proposal[?] to change Central Bank oversight and regulation (if a central bank exists)
Old value:: The government appoints the head of the central bank and an executive board to manage the central bank but does not otherwise interfere in its operations.
Current: The central bank is an entirely independent agency of the government.
Proposed: The central bank is underneath the direct oversight of the head of state.
Article 5
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 15
Current: 0
Proposed: 5
Debate
These messages have been posted to debate on this bill:
| Date | 07:09:30, November 07, 2017 CET | From | 민주진보당 (Democratic Progressive) | To | Debating the Ministry of Finance - Overcoming the economic depression |
| Message | Is there any opposition of these laws? |
| Date | 18:39:30, November 07, 2017 CET | From | Sunrise Party 해돋이당 | To | Debating the Ministry of Finance - Overcoming the economic depression |
| Message | The Sales Tax on Luxury goods seems high, Preferably no more than 30%. |
| Date | 20:59:32, November 07, 2017 CET | From | Drania Cívica 🏴 시민당 | To | Debating the Ministry of Finance - Overcoming the economic depression |
| Message | We feel this is an excessive amount for the luxury tax. Most concerning, however, is the creation of a central bank under the Ministry of Finance. We are not opposed to a central bank, but it should be independent of the partisan affiliations that will be forever changing with every election. There must be stability and some measure of predictability with the banking system. |
| Date | 02:06:23, November 08, 2017 CET | From | 민주진보당 (Democratic Progressive) | To | Debating the Ministry of Finance - Overcoming the economic depression |
| Message | Dear Federalists, Instead of decreasing luxury tax, we will decrease the essential tax. |
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Voting
| Vote | Seats | ||
| yes | Total Seats: 152 | ||
| no |
Total Seats: 103 | ||
| abstain |
Total Seats: 0 |
| Random fact: "Game mechanics comes first." For example, if a currently-enforced bill sets out one law, then a player cannot claim the government has set out a contradictory law. |
| Random quote: "One day our descendants will think it incredible that we paid so much attention to things like the amount of melanin in our skin or the shape of our eyes or our gender instead of the unique identities of each of us as complex human beings." - Franklin Thomas |