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Bill: Economic Freedom Act
Details
Submitted by[?]: National Monarchist Movement
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: February 4378
Description[?]:
| This bill deregulates various areas of the Endralon economy. |
Proposals
Article 1
Proposal[?] to change The banking system.
Old value:: The government operates a central bank and all other banks are private.
Current: The government operates a central bank and all other banks are private.
Proposed: All banks are privately owned.
Article 2
Proposal[?] to change The government's policy concerning child labour.
Old value:: Child labour is forbidden.
Current: Child labour is forbidden.
Proposed: Child labour is allowed and it is subjected to the same regulations as adult labour.
Article 3
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 25
Current: 10
Proposed: 20
Article 4
Proposal[?] to change The government's policy towards daily working hours.
Old value:: Daily working hours are regulated by the government.
Current: Daily working hours are regulated by the government.
Proposed: The government has no policy concerning daily working hours.
Article 5
Proposal[?] to change Energy regulation.
Old value:: Energy is provided by private companies but the prices they can charge are regulated.
Current: Energy is provided by private companies but the prices they can charge are regulated.
Proposed: Energy provision is left to local governments.
Article 6
Proposal[?] to change Sales tax on luxury goods.
Old value:: 15
Current: 27
Proposed: 0
Article 7
Proposal[?] to change The nation's policy on minimum wage regulation.
Old value:: There shall be a minimum wage at a level that a full time worker on it can support a family of four without falling under the poverty line.
Current: There is no provision for a minimum wage.
Proposed: There is no provision for a minimum wage.
Article 8
Proposal[?] to change The government's policy concerning phone services.
Old value:: The state subsidizes the phone service of low income families, and regulates the rates providers can charge for phone service.
Current: There are no regulations on phone service.
Proposed: There are no regulations on phone service.
Article 9
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.
Debate
These messages have been posted to debate on this bill:
| Date | 18:11:57, April 12, 2018 CET | From | National Monarchist Movement | To | Debating the Economic Freedom Act |
| Message | The great people of Endralon can handle themselves. They do not need excessive regulation getting in the way of their lives. 1. All banks should be privately owned. The government should not have the overreach in banking that it has now, as governments are inherently inefficient. 2. Children should be allowed to work if they want to. Children should be allowed to work because the alternative is starving, not allowing children to work is quite potentially killing them off. We would also eliminate underground child labor with this change, while also increasing overall output and the workforce at the same time. 3. We should lower this incredibly high corporation tax. Corporations don't want to do business with us because of how much money they'd lose even coming here. High corporation tax hurts our economy. 4. Workers should be allowed to work for however long they want. The current law makes workers unable to make ends meet if they need to work more hours than allowed. 5. Local governments should be allowed to regulate energy as needed. The national government doesn't understand the needs and wants of the local governments near as much as they do. 6. There should not be a sales tax on luxury goods. Wealthier individuals will use backdoors to buy goods, rather than having to deal with this tax. Luxury goods are not something to be taxed even further than they already are. 7. Many workers are not worth the minimum wage to employers, therefore they are out of a job with minimum wage in place. Labor unions do the job of making a de facto minimum wage based on various factors anyway, so employers will be unable to make ridiculously low minimum wages regardless. 8. The people should be independent, it is not the job of the government to fund and regulate their phone services. This is an arbitrary distortion of the free market. 9. Stock exchanges do not need regulation, we need to make our stock market easy to use for everyone without government intervention. |
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Voting
| Vote | Seats | ||
| yes | Total Seats: 0 | ||
| no | Total Seats: 195 | ||
| abstain | Total Seats: 0 |
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