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Bill: Economic Liberalism Act
Details
Submitted by[?]: Kapitalistische Partei
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 4397
Description[?]:
| We intend to remove restrictions placed on the economy and businesses. |
Proposals
Article 1
Proposal[?] to change The government's policy on advertising
Old value:: Only governmental organisation advertising is permitted.
Current: Only advertising that meets certain set standards is permitted.
Proposed: All advertising is permitted.
Article 2
Proposal[?] to change The banking system.
Old value:: The government operates and owns all banks.
Current: The government operates a central bank and all other banks are private.
Proposed: The government operates large, national banks, but small community based private banks are allowed.
Article 3
Proposal[?] to change Central Bank oversight and regulation (if a central bank exists)
Old value:: The central bank is underneath the direct oversight of the Ministry of Finance.
Current: The government appoints the head of the central bank and an executive board to manage the central bank and can interfere with its operations.
Proposed: The central bank is an entirely independent agency of the government.
Article 4
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, but with additional regulations to those of adult labourers.
Article 5
Proposal[?] to change Government policy on cryptocurrency.
Old value:: Cryptocurrency is illegal.
Current: The government has no policy on cryptocurrency
Proposed: Cryptocurrency is legal and regulated, select private institutions can issue cryptocurrency.
Article 6
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 75
Current: 18
Proposed: 5
Article 7
Proposal[?] to change Energy regulation.
Old value:: Energy is provided by nationalised companies.
Current: Energy is provided by nationalised companies.
Proposed: Energy is provided by private, unregulated companies but subsidies are given to those on a low income.
Article 8
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: Local governments regulates the daily working hours.
Article 9
Proposal[?] to change Exchange rate regime
Old value:: The exchange rate of the national currency is fixed by the government.
Current: The exchange rate of the national currency is allowed to float, but the government is permitted to intervene when necessary.
Proposed: The exchange rate of the national currency is allowed to float, and the government does not intervene at all.
Article 10
Proposal[?] to change The government's policy towards fireworks.
Old value:: Professionals may run licensed fireworks shows, small fireworks are legal to the general public.
Current: Professionals may run licensed fireworks shows, small fireworks are legal to the general public.
Proposed: The sale of fireworks is unregulated, anyone may buy them.
Article 11
Proposal[?] to change
The government's policy regarding foreign investments.
Old value:: Foreign investors need to obtain government approval for all investments in national companies.
Current: Foreign investors may invest in national companies, but may not get a majority share.
Proposed: Foreign investors may freely invest in national companies.
Article 12
Proposal[?] to change The right to gamble.
Old value:: Gambling is illegal unless taking place in a licensed casino.
Current: The legality of gambling is a matter of local governments.
Proposed: Gambling is legal across the nation, no regulation whatsoever.
Article 13
Proposal[?] to change Government policy on industry and subsidies to industrial operations.
Old value:: All industry is owned and operated by the state.
Current: Certain industries are owned by the state, all others are under private ownership.
Proposed: The state owns the commanding heights of the economy and all major industries, but private ownership is allowed in the minor industries.
Article 14
Proposal[?] to change Policy concerning industrial hemp.
Old value:: Only regulated agribusinesses may produce industrial hemp.
Current: Only regulated agribusinesses may produce industrial hemp.
Proposed: There are no regulations on industrial hemp.
Debate
These messages have been posted to debate on this bill:
| Date | 14:28:07, May 21, 2018 CET | From | Initiative: Zukunft!! | To | Debating the Economic Liberalism Act |
| Message | We do not agree on many points, although it follows an agreeable direction. |
| Date | 14:28:36, May 21, 2018 CET | From | Initiative: Zukunft!! | To | Debating the Economic Liberalism Act |
| Message | OOC: In order to change my stats a little bit I will vote yes, however ^^ |
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Voting
| Vote | Seats | |||||
| yes |
Total Seats: 341 | |||||
| no | Total Seats: 409 | |||||
| abstain |
Total Seats: 0 |
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| Random quote: "Entrepreneurs are simply those who understand that there is little difference between obstacle and opportunity and are able to turn both to their advantage." - Niccolo Machiavelli |