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Bill: Economic Overhaul Act of 4460
Details
Submitted by[?]: Sankta Alianco de Aŭgustana
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: June 4461
Description[?]:
| A series of economic reforms, designed to destroy the socialist policies of the past. |
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 large, national banks, but small community based private banks are allowed.
Proposed: All banks are privately owned.
Article 2
Proposal[?] to change Collective bargaining
Old value:: Public and private sector employees have the right to collectively bargain
Current: Public and private sector employees have the right to collectively bargain
Proposed: No employees may engage in collective bargaining
Article 3
Proposal[?] to change
The government's policy regarding foreign investments.
Old value:: Foreign investors are not allowed to invest 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 4
Proposal[?] to change Guarantee of minimum income.
Old value:: All adults not supported by another person shall be guaranteed a reasonable, though not high, standard of living by the government.
Current: All adults not supported by another person shall be guaranteed a reasonable, though not high, standard of living by the government.
Proposed: There shall be no direct cash payments to individuals to guarantee a minimum income.
Article 5
Proposal[?] to change The government's policy concerning the pension system.
Old value:: The state operates a compulsory, public pension system.
Current: The state operates a compulsory public system combined with an optional private pension.
Proposed: The state offers a voluntary public pension, combined with other voluntary private pensions.
Article 6
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 |
| > 10,000 ZAR | 6% | 34,397,000,000 ZAR |
| > 20,000 ZAR | 8% | 21,877,000,000 ZAR |
| > 25,000 ZAR | 10% | 83,781,000,000 ZAR |
| > 50,000 ZAR | 15% | 75,203,000,000 ZAR |
| > 100,000 ZAR | 20% | 30,604,000,000 ZAR |
| > 150,000 ZAR | 30% | 7,025,000,000 ZAR |
| > 180,000 ZAR | 40% | 3,336,000,000 ZAR | Total | 256,223,000,000 ZAR |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |
| yes | Total Seats: 375 | |
| no | Total Seats: 0 | |
| abstain | Total Seats: 0 |
| Random fact: It is forbidden to impersonate a player or Moderator. |
| Random quote: "Thousands of Zardic soldiers were sacrificed so that the Zardic government could gain control of a few buildings and Theodoro could pretend to be Augustus the Great. This is the kind of jingoistic ideology Zardugal would bring to the Security Council. They will throw countless lives away in pursuit of former glory." - Prince Akhaias, former Coburan royal |