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Bill: Economic Security Act 4389
Details
Submitted by[?]: Rote Fraktion
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: October 4389
Description[?]:
| In order to ensure continued prosperity in Aloria, known by the people as Volksrepublik Aloria, we must take action against the hostile forces of global capital. The passing of this Act shall hereby see the nationalisation of all banking and financial institutions and the breaking up of all private sector monopolies. A salary cap of 14,000 ALO shall also be enforced. |
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: The government operates and owns all banks.
Article 2
Proposal[?] to change The government's stance on a salary cap.
Old value:: The government has no stance on 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 3
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 to change Policy on monopolies (this general law is superceded by other laws relating to specific parts of the economy).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 forbidden, and are actively broken up.
Proposed: Monopolies are only forbidden in specific sectors of the economy.
Article 4
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 |
| > 3,500 ALO | 8% | 8,230,000,000 ALO |
| > 5,500 ALO | 18% | 14,765,000,000 ALO |
| > 8,000 ALO | 35% | 11,997,000,000 ALO |
| > 9,500 ALO | 50% | 18,248,000,000 ALO |
| > 12,000 ALO | 70% | 12,164,000,000 ALO |
| > 14,000 ALO | 99% | 44,353,000,000 ALO | Total | 109,757,000,000 ALO |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |
| yes |
Total Seats: 279 | |
| no |
Total Seats: 214 | |
| abstain | Total Seats: 0 |
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