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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 a central bank and all other banks are private.
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: The legality of gambling is a matter of local governments.
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: Certain industries are owned by the state, all others are under private ownership.
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 are illegal.
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: Democratic Workers' Councils are not permitted to run a business.
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% | 2,888,601,000,000 PON | Total | 2,888,607,000,000 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 |
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| Random quote: "If voting changed anything, they'd abolish it." - Ken Livingstone |