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Bill: Establish a Communist Society Part 1
Details
Submitted by[?]: United Communist Party of Pontesi
Status[?]: passed
Votes: This bill proposes to change income taxes. It requires more than half of the legislature to vote yes. This bill will not pass any sooner than the deadline.
Voting deadline: January 4325
Description[?]:
| We must boost our economy to its greatest stage. |
Proposals
Article 1
Proposal[?] to change
The government's policy regarding foreign investments.
Old value:: Foreign investors may invest in national companies, but may not get a majority share.
Current: Foreign investors need to obtain government approval for all investments in national companies.
Proposed: Foreign investors are not allowed to invest in national companies.
Article 2
Proposal[?] to change Central Bank oversight and regulation (if a central bank exists)
Old value:: The central bank is an entirely independent agency of the government.
Current: The central bank is underneath the direct oversight of the head of state.
Proposed: The central bank is underneath the direct oversight of the national legislature.
Article 3
Proposal[?] to change The banking system.
Old value:: The government operates large, national banks, but small community based private banks are allowed.
Current: The government operates large, national banks, but small community based private banks are allowed.
Proposed: The government operates and owns all banks.
Article 4
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 25
Current: 15
Proposed: 100
Article 5
Proposal[?] to change The right to gamble.
Old value:: Gambling is legal, but only in private homes and casinos with special licences.
Current: Gambling is illegal.
Proposed: Gambling is illegal.
Article 6
Proposal[?] to change Exchange rate regime
Old value:: The exchange rate of the national currency is allowed to float, but the government is permitted to intervene when necessary.
Current: The exchange rate of the national currency is kept within a defined band of fluctuation.
Proposed: The exchange rate of the national currency is fixed by the government.
Article 7
Proposal[?] to change Government policy on industry and subsidies to industrial operations.
Old value:: The state owns the commanding heights of the economy and all major industries, but private ownership is allowed in the minor industries.
Current: The state owns the commanding heights of the economy and all major industries, but private ownership is allowed in the minor industries.
Proposed: All industry is owned and operated by the state.
Article 8
Proposal[?] to change The government's stance on a salary cap.
Old value:: Labour unions and organizations of employers negotiate a salary cap.
Current: There is a national maximum wage but local governments may enforce stricter salary caps.
Proposed: The government enforces a salary cap.
Article 9
Proposal[?] to change Government policy towards labor unions.
Old value:: Only government-run trade unions exist and membership in them is voluntary.
Current: Trade unions may exist and all workers must have membership in one.
Proposed: Only government-run trade unions exist and membership in them is compulsory.
Article 10
Proposal[?] to change Policy on monopolies (this general law is superceded by other laws relating to specific parts of the economy).
Old value:: There is no policy on monopolies, they are unregulated.
Current: Monopolies are actively enforced in all sectors of the economy.
Proposed: Monopolies are actively enforced in all sectors of the economy.
Article 11
Proposal[?] to change Government policy on Democratic Workers' Councils.
Old value:: The government encourages the formation of Democratic Workers' Councils through subsidies and tax exemptions.
Current: The government does not intervene in the marketplace with regards to Democratic Workers' Councils.
Proposed: Democratic Workers' Councils are not permitted to run a business.
Article 12
We propose to alter income tax brackets to the following setup. Information about the current income tax system can be found here.
| Bracket | Tax | Estimated Revenue |
| > 1,000 PON | 10% | 6,000,000 PON |
| > 1,001 PON | 99% | 2,886,251,000,000 PON | Total | 2,886,257,000,000 PON |
Debate
These messages have been posted to debate on this bill:
| Date | 19:41:41, December 27, 2017 CET | From |  Popular Progressive Party of Pontesi | To | Debating the Establish a Communist Society Part 1 |
| Message | It is not correct, there should be a taxation broken down like this: Poor 2% Middle Class 45% Rich 90% |
| Date | 19:42:07, December 27, 2017 CET | From | Popular Progressive Party of Pontesi | To | Debating the Establish a Communist Society Part 1 |
| Message | It is not correct, there should be a taxation broken down like this: Poor 2% Middle Class 45% Rich 90% |
| Date | 19:49:37, December 27, 2017 CET | From | Popular Progressive Party of Pontesi | To | Debating the Establish a Communist Society Part 1 |
| Message | There is already a regulatory proposal for cryptocurrencies |
| Date | 19:50:29, December 27, 2017 CET | From | Popular Progressive Party of Pontesi | To | Debating the Establish a Communist Society Part 1 |
| Message | There is already a regulatory proposal for cryptocurrencies |
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Voting
| Vote | Seats | |
| yes | Total Seats: 71 | |
| no | Total Seats: 29 | |
| abstain |
Total Seats: 0 |
| Random fact: It is the collective responsibility of the players in a nation to ensure all currently binding RP laws are clearly outlined in an OOC reference bill in the "Bills under debate" section of the nation page. Confusion should not be created by displaying only some of the current RP laws or displaying RP laws which are no longer current. |
| Random quote: "Man is by nature a political animal." - Aristotle |