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Bill: Economy Act
Details
Submitted by[?]: Anarcho-Capitalist Liberty 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: April 4358
Description[?]:
| This act hopes to (positively) upend the economy of Klavia Okeano, and boost it's GDP to levels never seen before. This act hopes to help boost our economy and give it a much-needed heal from the ruins of archaic, leftist policy. We must rise again, and give the power to the individual so that every Klavia Okeano citizen can enjoy a prosperous, economically stable life. Let the reforms begin! |
Proposals
Article 1
Proposal[?] to change International trade (this is a default in the absense of a specific free trade agreement or specific trade embargo)
Old value:: The nation imposes reciprocal tariffs on imports, with no tariffs imposed on states which impose no tariffs on our exports.
Current: The nation imposes reciprocal tariffs on imports, with no tariffs imposed on states which impose no tariffs on our exports.
Proposed: The nation does not impose any tariffs or quotas on imports.
Article 2
Proposal[?] to change Policy on monopolies (this general law is superceded by other laws relating to specific parts of the economy).
Old value:: Monopolies are forbidden, and are actively broken up.
Current: Monopolies are forbidden, and are actively broken up.
Proposed: There is no policy on monopolies, they are unregulated.
Article 3
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 but are regulated.
Proposed: Stock exchanges are allowed and are unregulated.
Article 4
Proposal[?] to change Government policy on cryptocurrency.
Old value:: Cryptocurrency is legal and regulated, the state will issue it's own cryptocurrency.
Current: Cryptocurrency is illegal.
Proposed: The government has no policy on cryptocurrency
Article 5
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 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.
Proposed: The central bank is an entirely independent agency of the government.
Article 6
Proposal[?] to change The government's policy towards daily working hours.
Old value:: The government obligates trade unions and employers to negotiate the daily number of working hours.
Current: The government obligates trade unions and employers to negotiate the daily number of working hours.
Proposed: The government has no policy concerning daily working hours.
Article 7
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 30
Current: 17
Proposed: 10
Article 8
Proposal[?] to change Government policy on industry and subsidies to industrial operations.
Old value:: The government acts as an investor of last resort, by nationalizing failing industries that provide vital goods or services.
Current: The government acts as an investor of last resort, by nationalizing failing industries that provide vital goods or services.
Proposed: The government does not intervene in the market nor provide any form of subsidies/relief to industries.
Debate
These messages have been posted to debate on this bill:
| Date | 16:00:38, March 03, 2018 CET | From |  Royal Nationalist Party | To | Debating the Economy Act |
| Message | Are you trying to sink our budget! |
| Date | 19:02:17, March 03, 2018 CET | From | Anarcho-Capitalist Liberty Party | To | Debating the Economy Act |
| Message | Sink a Budget? Who cares, the money should be in the hands of the people/businesses, not our greedy government. So, away with the billions in the Government's hands, we will just throw it out the window, whether that be corruption, bad spending or otherwise. The only way we could keep our money safe is if we give it to the people. |
| Date | 00:24:51, March 04, 2018 CET | From | Royal Nationalist Party | To | Debating the Economy Act |
| Message | Yeah let’s just kill our entire budget. So I guess we’ll just give the money to the people. Then we wait to be invaded. We wait for the economy to collapse. This is the dumbest bill ever proposed. You say we have to kill the government so you kill your own party.The people deserve better than this. |
| Date | 10:51:22, March 04, 2018 CET | From | Anarcho-Capitalist Liberty Party | To | Debating the Economy Act |
| Message | Our party wants to act on the side of Neutrality and non-aggression on all sides. It is just way too risky, expensive and outright dumb to invade us or us invading others. We will strive to be peaceful, and helpful to others. This ties into our economy. If we free ourselves of the drastic measures this government takes against people in terms of regulation, we will attract foreign investment and an overall growth in our economy. Tariffs/Quotas kill our economy, and if we get rid of them, we will still get our money back one way or another. Great Economist Milton Friedman explains: https://www.youtube.com/watch?v=j0pl_FXt0eM |
| Date | 16:26:02, March 04, 2018 CET | From | Royal Nationalist Party | To | Debating the Economy Act |
| Message | Apparently you forgot but Milton Friedman never had to run a nation. This is Klavia Okeano and we need that money to ensure peace and security for our people. How will we pay for our armed forces,our police,our infrastructure,our space program,e.t.c |
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Voting
| Vote | Seats | ||
| yes | Total Seats: 44 | ||
| no | Total Seats: 307 | ||
| abstain |
Total Seats: 114 |
| Random fact: It is possible for a player to transfer ownership of a character or a royal house to another player. This should be done in a public way, such as on the Character Transfers thread, so that if a dispute arises in the future, Moderation can be pointed towards evidence of the transfer. |
| Random quote: "You know what's interesting about Washington? It's the kind of place where second-guessing has become second nature." - George W. Bush |